One thing I know is ECU and it peers will be getting their [upincomince] I mentioned to someone today when It come to TA the Jr's have been horrendous: All the while Srs and other areas in the Canadian markets seem to follow basic rules of TA which has served me well in the PF except the Jrs. I like to use Fundamentals and TA sort of like Berman on BNN. The fundamentals support the Jrs but the TA has let them down. Nothing last forever is how I view it.

To share my optimisms here is todays gold chart. Listening to Ron Miesel on BNN he talked about a W formation as one of his favorite Bull signals. Note the 50 (blue) and 200 (Green) as well.

http://stockcharts.com/h-sc/ui?s=$GO...

What I would like to see tomorrow for ECU is a sustained break out of the 1.55 mark. Because this would break through the short term DT (from 2.20) and the 50 DMA.

I am beginning to think oil is going to consolidate here between 138 and 130 It has rested here for more than a week now. With Bush's lips moving, OPEC's "this is unsupportable" statements plus increases in output and now China (which I suspect was known yesterday because of Bush's speech) all this within the week and oil really hasn't flinched. Whatever happens in the next 2 trading days will tell us. Regardless, Gold is showing signs of beating its own drum now.

May tomorrow be a fantastic surprise

As I like to say there are no failures just results. Learn from the results and you always win.

Reg Mills