I have this little iPod developed technique that I use to determine direction. If you look at the first 1 million shares available on the sell side. ie: if one single seller took 1 million shares 'at market' - where would it take them?
Over the last hour, the level has moved from 49 to 50.
I have a feeling that if these buyers had more money they would be taking a shot. Clearly with no speeding ticket I would expect that we wil close at or near the daily high. I would NOT sell at least until tomorrow.
Looking rather stagnant right now at 47.
iPod PRAM PUSHER
MEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held