16.5 cent support level? chartists view?, page-3

my biggest problem with the chart is its failure to make a higher swing low by popping back down to 16.5 just now

yes you're right if 16.5 breaks down then I'll probably end up getting my oppie top up at 1c

great... (um not)

in short, insidemoney, the chart is terrible - high volume distribution on up moves, no volume / buying support on the way down, failure to make a positive swing recently (tho it almost had it)

lucky I can offset all my losses on my tax as I've been classified as a trader not investor

I suggest anyone with CCC do some good research into tax rulings and criteria for offsetting losses against income, its not that hard to be classified as a trader if you can get your head around it... I did it myself without an accountant