The 50 day moving average is about to cross above the 200 day moving average to the upside for the first time since late 2005 which technically setup the big move higher for ECU in 2006. Of course the reverse happened starting the downturn in Mar/Apr 2007 and numerous times the last 2 years the 50 day moving average bounced off the 200 day moving average to the downside.

If the 50 day average does indeed break above the 200 day moving average this time, it portends a very powerful move higher in the coming months with substantial staying power likely.