Replies to post #4895 on 123Tom's TA study group

[123tom]

Disappointing to see isn't it...

AVXL hoping for 2017 rallies to the new cycle and targets at 8 dollars , and I guess it all takes time. and more time means more wall street trading games and short selling and money making for those who can play that game, yes there is some institutional accumulation, some new interest, but what the dominant force in the chart looks like to me is the trading game that sells ALL rallies, and shorts it to the excessive lows , buys it up a little and sells the rallies down.

So does it turn out to be a mistake, for investor/traders to just buy and hold this stock? I think it is a mistake. Is it a mistake to think only of the advancing science that holds promise and to have only starry eyes for big rallies to the moon? I think it is a mistake. The share price games of roller coaster riding all the way up and all the way down, make huge money for the traders who ride it well. and it makes for frustration and discouragement for the buy and holders. When the rally peaked around 6.50, the trader side of me KNEW this was a 'place to sell' a Major resistance shoulder peak on the chart....but the buy and holder in me said ..."no, don't sell too much, it has a chance to rally to 8 dollars and everyone is expecting great news in April. Its a gamble to hold .Its a gamble to sell. all decisions have a component of gambling uncertainty.
A few months later as the dips became plunges below 5.50, and then below 5 dollars, and the breakdown began in force, the reality of the game took over. The trader was proved right, and I Should have taken more profit at 6.30 area like I wanted to.

Its an internal conflict to be BOTH a trader and a buy and holder. but once again, 2017 proved that its more profitable to be a trader more than a buy and holder. so far.

Now the cycle for AVXL appears to be Bottom fishing to end the year.

too bad my "bottom fishing" started at 4.20 . it was too soon. I bought too soon because my mind was still in "rally mode" The downwave cycle took over when 4.50 got Capped,(see the chart picture)

In the current chart picture the "upwave" of 2017 was broken down at the 4.30 point and then the bounce from 4 dollars to peak capped at 4.50 was the other breakdown point. (see the blue line)

Now the downwave to target 3.50/3.30 is waiting for the next slam down. I expect it to come soon...from around 4 dollars (3.95-4.15)
downwave picture maybe ongoing still
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[123tom]

Yes, what are your thoughts about IPIX...

everyone at the forum there is euphoric shouting "to the moon"... is that a warning sign...I still see the technical picture , the tracks that have resistance at 84 and 90 cents 92 and 96 maybe 80 cents tomorrow . is IPIX out of the woods , not at 76 so far. its a start but that's all the chart is showing now, a start in first gear.
I expect to see resistance stop the next pops at 84 and 90 area if only for a day or two.... on the way to the moon.... is there more 'news' coming tomorrow?

[123tom]

Silver taking more beat downs, Chuck...

and since the September peaks, the silver miners as well. GDXJ as well,

gold getting capped at 1300 as expected. (1300-1330) was my capping kill zone for the cartel to slam down. so far on track. but slower than I expected this 4th quarter. I did see the chart picture stretching this downwave thru end of year into 1st Q 2018 to hit the bottom zone. so that could still play out. silver is heading there faster so far. and silver miners as well. I like Hecla in the lower zone a bit lower than it is now. looking for 3.30-3.15 area. and I do like Corvus closer to 1 dollar and any targets lower. CORVF 1.08 today...its getting there maybe ?