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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: U.B. Green who wrote (2068)	6/1/2000 11:15:00 AM
From: Steve Lee	Read Replies (1) \| Respond to of 30051

ECIL looking good. Just finished forming a nice cup over the past 9 days or so. Will it form a handle and a breakout? Just about hitting its long term support/resistance level at $29. Difficult to say whether it is at the top of its range or has broken back into the higher trading range which has a ceiling around $38. Maximum downside I would say is to $24 - it's 52 week low and the support that was tested and held during the recent Naz troubles. What does anyone else think? Edit - just shot up a dollar as I was writing this message!