Don't be so sure, the supply at this level is still very high. Typically, the volume tends to wane and interest goes out the window when this stock is at a bottom.
I'd say give it till at least next week, although the current pattern does seem to satify an A-B-C pullback off of the high. It could also be very misleading should this be a much larger wave in which a 1-2-3-4-5 wave pattern is formed, in which case, we'd currently be in a wave 4 headfake with resistance heavy in the upper 13's area.
Good luck, don't be surprised if a climax wave under .10 satisfies the need for a necessary shakeout as the psychology of the market and this board at this time seems to still be excessively bullish.
I said it before and I'll say it again. It ran from .006 to .285 in just 3 months, don't be surprised if it takes about 4 weeks to find a base and bottom.
HI-HO SILVER !!!
