charts, page-101

Well done Pocko,

Now lets see if i get photobucket right.

I like the way MEO is panning out on my chart. In particular you will see the traders also buying and selling along the Fibs (red dots). The Andrews Pitchfork is working a treat and the Median line is being tested. So I'm confident we will move up from here to the next resistance of .65

My chart is telling me that this point the SP will face a lot of resistance and retesting as its

1)Historical price resistance.
2) A Fib resistance,
3)Upper resistance tyne of Andrews Pitchfork.

The traders that invest to get the SP up there and beyond, expect to get paid. So expect the argy bargy retraces all the way.