Which means you prefer to increase your position as price goes AGAINST you. Hey its on sale, buy more. So how'd that work out for Enron, WorldCom, Wamu, Lehman and even MF Global.
It really depends of what you're doing and where is your stop loss, i.e. the point that when reached, suggests otherwise of what you were previously thinking. If that point is not reached yet and assuming it was correctly placed, I don't see anything wrong with increasing the position with better prices, as long as it fits your risk management (how much money you can afford to lose vs. how much are you expecting to make and how much do you usually make, on average). But I disregard technicals when investing (investing is not the same as trading). I don't even follow the charts and prices of the companies I invest in.
nothing wrong with averaging down as long as there is a stop loss for the entire position and the total risk is within limits