cudeco matters, page-6

A double bottom at $1.70 then a reversal candle on increased buying volume would be good - if that doesn't happen I have been waiting for a test of the JORC day low $1.63 -Its absolutely crucial ( IMO ) if that happens the cavalry arrive en masse at that price otherwise Zeds target and the Fosters S/P target of $1.02 looms as real possibility.

Dont quite get the averaging down thing - Surely it would have been better to wait for the bottom confirmation and be averaging down under $2 than those who were averaging down all the way from $4 , then $3.50 , then $3, then $2.50 - its been my experience Bottom fishing and catching falling knives is a recipe to the poorhouse .

hOOt