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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect -- Ignore unavailable to you. Want to Upgrade?

To: M Vavolizza who wrote (4783)	2/1/2000 9:03:00 PM
From: Ronald P. Margraf Sr.	Read Replies (2) \| Respond to of 18222

Evening Manny & ALL, Ask and yea shall receive.;-) Now the news, I sorry too say, is not good from the T/A side.;-( But then again, you can't always have the candy without the dentist.;-) It looks like there is and going to be a little drilling going on here. To make a long story short, they are weakening. How bad and how far will determine what happens tomorrow on "BLOODY WEDNESDAY" So here is the way I see it as far as the program goes: 1.) Vol. is still strong. Hasn't changed much so the that tells me that the interest still hasn't waned. 2.) Price is down. We can all see that and well it speaks for itself. Put a resistance line in and I see 1.21 next. After that, 1.11, 1.00, .90. Now if we hit .90 and don't stop, .60. Now understand this is all just JMHO. No one can really predict where this is going to go. Whether it be up or down. It is entirely up to the reader, so take it for what it is worth. Just an opinion. 3.) The MACD has faltered. Now trending down. Crossed over the trigger line and heading south. Now all this is telling us is that there is selling going on and of course we all know that but it is sustained. Could be a sign of things to come until we hear news about the testing. 4.) The directionals: ADR/ADXR. Speaks for itself. More sellers then buyers. Now this could be attributed to the last 2 news releases. Like I've said in the past. Too much news can be as bad as not enough. Where the problem lies is in the last 2 news releases, is that there is no time line for this to come on line and be operational. In fact it has done just that in so many words. I got room to take profits and buy this back at a lower price. Nothing wrong with that.;-) The price of the stock has been left vulnerable.;-( 5.) The STOCHASTIC OSCILLATOR (weighted); Heading south. 6.) The candle sticks; Now this is a cute one. It sort of tells us what we already know with one exception. It gives us a quick look at the fact that at this point in time we can't sustain the open price. Not enough support. Forces are trying to move the price up but no one is buying it. Now this could and can change in a heart beat with the right news. And I repeat, with the right news. So to sum all this jibberish up. We are in a down trend by the looks of it. "TOMORROW SHOULD TELL THE STORY. WATCH IT REAL CLOSE". NOW folks this is where you all have to decide. Take profits and wait for it to go lower, or is it going to bottom at 1.21 and shoot up like a rocket to the 2.00 level again. This is were stamina, guts, patience,and most of all, astuteness come into play. Test your resolve in the company and hold or play the traders game, the MMers, the specs. Everyone wants you to sell and erode the support level of the stock. They jump into the fray and ride it back up while you are sitting on the sidelines and kicking yourself for selling. So, welcome to the traders world. DECISISONS, DECISIONS, DECISIONS. And you all thought this was going to be easy.;-))))) TEMPTATION, I'TS ONE WICKED LITTLE LADY.;-))) Well enough. I've used up my time and your attention span.;-))) Good luck in all your decisions and hope they are right. Catcha all on the upside, Ron