I am deeply suspicious of the technicals for ECU since I think there is manipulation up the ying yang on this stock, but nonetheless I think the chart is showing some strength here and perhaps we have a low established at long last. By my evaluation the long downtrend from the mid-90s to below 60 cents - a drop of more than 50% - has now been broken to the upside. ECU is trading at 66 cents today and is now at the top of a 3-month base that could support a nice recovery.

I notice quite a few silver juniors are showing strength lately. Silver has been getting much more attention from the mainstream newsletter writing crowd. If silver is set to retest the highs then all silver juniors will catch a bounce to a new trading range, IMO, and the funds that have been part of the manipulation story for companies like ECU will be forced to back off.

This week is shaping up to be a pivotal week. Silver will either break out above resistance in the high $18 range and set-up a test of the highs above $20, or it will decline once again towards support at $15-16. ECU is also threatening a breakout and I doubt it will still be in the current range by the end of the week. Either much higher or drop back to support at 60 cents is coming.

I am not a technical guru so take my comments as the observation of one investor. Perhpas some of the others on this forum would care to take my comments and add their thoughts.

cheers!

mike