all washed out today, page-5

I hate to say it but SB is not bs'ing you. There are a number of indicators that point to a bounce to around 0.08 to 0.10

Keep in mind the background market is now a bear market - people have been wailing bear for months now - but using the criteria of lower highs both the DOW and the ASX clicked into a bear market on the 11th for the DOW and the 12th for the ASX200

This means from now on we can expect rallies at times but their highs will be lower than previous highs and lows will be lower than previous lows.

Specs may work against the trend IF they have real live proven reserves and contracts in place. In other words if their capital value per share has changed - but from here on in specs need much more than the possibility of success. The game is now managing risk - which means if there is any risk of a loss do not buy - and if you do buy don't get greedy - take profits fast. Whether you are technically "shorting" or not the game is trade on short time scales from here on. Hold for short periods - sell out during rallies when they occur and buy back in lower.

Now for RAU SB is correct, the MACD is trending down, the RSI is heading to oversold, it is heading to the lower Bollinger band and there is a 100day trend line - all of which will intersect the price at around 0.08 and 0.10

Once it hits these it should rally a little - given the background market I would expect it to bounce to the mid bollinger - say 0.12c to 0.15c and without substantial news retrace

For someone getting in at 0.10 and out at 0.12 to 0.15 that offers 20% to 50% returns - thats pretty good. For those expecting it to hit 0.20c and 0.30c - well good luck - it will need more that a boardroom radio plug in this market.

What am I doing here? Down Ramping? - No see the signature - I am waiting for the risk of further falls to be minimum - technically for an RSI oversold condition and/or lower bollinger bounce - then will buy in - take 20% to 50% and will be out.