Good stuff Sketch. I also see the following technical positives which have a very good chance of seeing the light of day, given the persistent high accumulation volumes we've seen through 2009:

(1) Ascending triangle formation that indicates a breakout is in the cards a few weeks down the road (ie. horizontal line you drew on top & the short upsloping trendline in the lower right hand corner.)

(2) Possible Reverse Head & Shoulders formation (with one heck of a large head!) that suggests ECU might bottom between 70-80 cents before smashing the 90 cent barrier.

(3) Possible Pan and Handle formation which also supports the thesis that predicts ECU is likely to trade between 70-90 cents for a bit in order to create a Handle from which to propel the SP much higher in the weeks and months ahead.

But the most significant technical development of all is in the weekly chart where for the first time in over 2 years the EMA(7) has at long last crossed above the EMA(18). Granted it's only been positive for a couple of weeks but it is what it is and it speaks of very good things going forward. This has only happened twice before in the past 6 years: the first time beginning in Sept 2003 which catapulted ECU from 5 cents to 65 cents in only half a year (a 15-bagger) and again in September 2005 which saw a spectacular rise from 25 cents to $3.50 in about 7 short months (a 14-bagger.) Now ask yourself this more fundamental question. Where else can the folks who run the SPDR ETF could possibly acquire a quarter Billion ounces of "Deep Storage" Silver (and rapidly growing) pledged to their shareholders as collateral?

ESL