Nessus;
I think U might have it backwards...
It's not that ECU warrants didn't confirm the up move yesterday...in fact, they never confirmed the down move last month.
If U look at the two charts of ECU and ECU.wt, U will see that both are currently sitting just below the resistance from the 3 month downtrend. The charts are almost identical, but the smart money knew that ECU was too cheap last month and therefore paid a higher premium for the warrants...(on average)
Not that I'm that smart, but I bought a few more myself...like picking money up off the street!
lotus petals,
gildage