Big money investors, institutions (240m shares out is ideally liquid fodder for funds),use quant-software to measure when to buy along with fundamentals. The ECU price has had to come down from such a strongly overbought position last fall, but the chart indicates upside momentum, and sideways trading always has the effect of sucking up excess shares from those who have sold, it's the equivalent of a downwards consolidation. (Check the basing behaviour between 1.87 and 2.15). The notion that the economy in Canada is on the rocks because of housing has supported it- but realistically Canada was one of a very few coutries in surplus not so long ago (havent checked recently) and they are extremely resource rich. Somehow I doubt theyre going to have anything like the problems being suggested, but manipulating investor sentiment is what the market does..analysts of all sorts promote negative sentiment when they are bearish stocks and bullish when not. When sentiment becomes excessively bullish it takes a long 'time' for the prices to reach the lower levels expected. When they do those that have become entrenched in negative sentiment from the berish drop are generally left behind in the next rush up. Ask yourself , which one are you?