Unhealthy correctionThe way you can tell if a correction is healthy is by the initial decline. In a healthy correction, the intial decline convexes upward and usually at least touches its Fib 0.382 ratio before making a bounce.
For the past few days, AVL has been behaving very unhealthily. Look at the past 3-4 candlesticks. You can see that the initial decline concaves upward. Also, you can see that AVL barely touched its Fib 0.382 ratio ($3.28/shr). AVL only went down to about $3.30/shr before bouncing back to $3.65. Clearly, this is unhealthy behavior. I get the impression that prices are artificially propped up to aid in "last minute" selling. A healthy correction would have AVL go down to something like $3.25/shr before making a comeback in upwards of $3.90/shr. Sure, you might think a $0.05/shr difference in the recent lows is trivial. But, the Fib. 0.382 level never lies, and failure to cross it during the intial decline is a sign of artificial conditions.