Replies to post #4421 on 123Tom's TA study group

[123tom]

yes, that's right.

its not just a price target. its the structure of the pattern. maybe its the volume around a pattern and target area.

If the volume of buying right now at the 4 dollar area is weak or becomes weak...isn't that a signal to sell and get out at 4,instead of having a stop at 3.93?

[123tom]

Looks like IPIX is trying to bounce.

....looks like on LOW volume, and the level 2 on my screen is 10,000 on the ask (78) versus 3,800 on the bid

AVXL stink bids set now at 3.70 and 3.55

spot silver got hammered down again. glad I sold some at the latest peaks. gold too.

[123tom]

AVXL....a good summary now.

Dovetails also with what you see ,that critical support line at 3.80
is the key player now.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133888024



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[123tom]

Watch AVXL at the open tomorrow if you can.

in case it does a smash down at the open and plunges to the target zone below 3.80.

It sits teetering at a cliff edge around 3.90, a good set up for the plunge down into the bargain zone (3.75-3.55) That zone is also a reverse head and shoulders (shoulder zone) where support holding there could begin the rally bounce. it could become the beginning of the next 1 dollar move, from 3.65 to 4.65, but too soon to forecast that move yet.

I have stink bids around the 3.67 and 3.57 area. but if it stops at 3.69 I might just buy.
If it doesn't plunge down tomorrow,it might be more idle tomorrow going nowhere, but setting up to plunge down on Friday.