Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: edward miller who wrote (13300)	5/30/2008 4:44:53 PM
From: chowder	Read Replies (2) of 13449

Re: ECA ... Ed, ECA is losing momentum. It could possibly close the recent gap and test the $85 area. I don't know at this time. The best strategy, if it doesn't close that gap, is to buy above the recent 2 day high, ($97.20), not the 1 day high. That would indicate a potential reversal to at least test the recent high of $99.36. The strategy would change day to day until that 2 day high is taken out or that gap is closed, whichever occurs first would dictate which way to go.

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