Abe:
I like a lot of what you post, but in the case of $XBI vs $AVXL you will notice that comparing on a shorter term basis is not indicative of what is actually happening!
Look at the $XBI and $AVXL using the weeklies (a much better look, imo) and you will see that the $XBI has actually done a lot better, i.e. $AVXL is at it's lowest levels, vs the $XBI being at a higher level.
My key observation:
let's hear from Dr. Jin on our DATA RESULTS; I have the opinion that he will not try to hide data results.