this is possibly a bottom as 22c is around placement price. I...

this is possibly a bottom as 22c is around placement price. I will be happy to call this the bottom if the DOW bottomed last night. However if the DOW has another shakeout in it then i will call 19c as the absolute bottom barring disaster. It is the 50% retrace point between the 11.5c doji low of May 6th and yesterdays high of 26.5c. my experience is 50% fib is often the low. if it does go that low we should see it approach 19c on low volume and bounce swiftly and without warning from there.