fib ratio, page-62

Of course nothing is guaranteed in a market or in life (except death and taxes).

But, however useful charting is for "normal stocks", it is still looking in the rear view mirror, based on historical data.

IMO, it is not useful, even dangerous for missed opportunities, for stocks like MEO about to make BIG announcements.

Regarding prediction, in hindsight, a little bit of foresight (understanding MEO fundamentals) would have been a dammed sight better than no sight.

Think about it, when a TH comes, the odds are likely that 50% of traders are in MEO and 50% out, whereas 100% of investors who understand MEO funamentals are in!