Just been having a close look at CMR's chart since 05 & see that...

Just been having a close look at CMR's chart since 05 & see that there is just one gap to the downside left in that period .... 0.38 on 8 March 05.

Also, the fall from the Feb 07 high to today has drawn out a very recogniseble 5 Elliott Wave down structure with the current 5th wave from May 08 now greater in magnitude than wave 1 from Feb 07 to June 07
SP currently remains below a couple of long term Andrews Pitchfork median lines while bouncing along the bottom channel of a more recent one.
On these views would seem to be very little downside left.

Bounce targets for me are currently $0.685, $1.49 the $2.16