Replies to post #4190 on 123Tom's TA study group

[123tom]

nice post.

yes, both AVXL and IPIX are pulling back. it becomes a bit easier to draw a chart now, in IPIX if we can see the peak at 1.08 as a finished wave. The pullback target zone is more visible now,into the 80's. I bought a bunch today at .885 (the low)

and next bids are set around .855 and .83

AVXL is featuring the 5.10 step as a current 'bottom' but the lower targets are there that we see. at and below 5 dollars.

Thanks for the clarification about who does this selling and shorting. what do you prefer calling it? 'dark pool traders'? hedge fund traders? Ive been calling it the market makers, but I don't know what else...wall street players, etc... Ive heard of the dark pool money,with HFT supercomputers, the big money players on wall street. anything whats not 'mom and pop retail'.
A force of trading power that moves price like this , without too much trouble, to the targets their supercomputers calculate and manipulate price to achieve.

[123tom]

my AVXL downwave....



the first bounce from the first plunge to 5.10 ,rallied to peak at 5.74....then the next peak was at 5.57 area, then failure was happening at 5.38. Now back at 5.10 again, this Fibonacci chart is making me see the resistance at 5.60 area , well below the 5.74. (5.55-5.65 area)