At approximately 9:15 this morning I noticed a bid of 15,800 at $2.15 with a corresponding ask of 100 shares at the same price. Five minutes later a seller decided to undercut the bid and place a 15,000 ask at $2.10 taking the bid down with it. What normal investor would place a sell order 5 cents below the bid price when there was a very good possibility they would have been filled at a higher price? This is not the first time this has occurred.

ECU continues to trade within the pennant formation that has developed and again retested the top trend line today, as illustrated in the below chart. This formation appears close to completion and should trigger some renewed buying once the top limit is convincingly breached.