Although the cup and handle formation is still in play, the "Maginot" line for ECU shareholders is the the dreaded, almost 4-year downtrend line that peaked in September 2006. We have been bouncing off this line for much of the last four months and sooner or later, like the Maginot Line it will be breached.

The almost perfect intersection of the downtrend line and maximum daily share prices throughout the past 3 plus years, suggests something other than unassisted manual trading patterns are at play.