I think so. There is a possibility that Venture has already bottomed. The technical configuration is remarkably similar to last year’s July bottom. We are just days away from a 50/200 day EMA death cross. Many would consider this negative, but this is where the Venture bottomed last year [for me, the death/golden cross stuff is just a curiosity with no predictive value - often the move has already happened by that point]. The current correction is slightly longer and deeper than last year`s correction - which makes sense because the prior up move was steeper. Volume patterns of this correction are consistent with last year.

Venture has retraced half the move from last year - a logical place to bottom. It has stopped underperforming the TSX. The May-June lows show a positive MACD & RSI divergence on the daily chart. Most promising is the clear falling wedge pattern of this correction. While the downtrend line has not yet been broken, it would only take a few days of sideways movement to do the trick.

There is still the possibility of a short leg lower, but the selling appears to be mostly washed out. Trend line support from the March 09 low is around 1800 and breakout support at 1700.

I'm not jumping in with both feet just yet. It may be a little early, and last year it took 2 months for the Venture to really get going after it bottomed. But I`m going to start nibbling at stocks that appear to have stopped going down. I plan to spend the next month or so gradually re-accumulating the juniors.