Referring to Sketch's graph of Friday night, ECU has again reached the high point of it's downward (very bullish) triangle. We've tried 4 or 5 times to break the triangle in the past but not succesfully.

I'm encouraged that this could be the right time. The last couple of days were very meaningfull in my opinion. We've received very strong support from anonymous who basically broke TD's efforts to keep the price down. Actually it was quite the trap Friday morning when TD came in to sell at $1.54. 30,000 shares were purchased (I got 3,000 of those) at that price and then the price was brought right back up to close at $1,73.

Now if and when the "bailout package" goes thru, this should be very positive for the markets on Monday (Not that it should be, but anyways) could add momentum to our attempt to break the triangle.

If we do, I could see ECU easily at $3.00 to $3.50 within a week or so and that in my opinion will change the mindset.

Also, said bailout package will have a very negative effect on the $US which will lead to much higher Gold and Silver prices in the very short term.

Later