MEO meo australia limited

fib ratio, page-2

  1. 1,538 Posts.
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    Beautifully drop as Fib prediction :
    61.8% = 35 (can be, to hit the high 35c on 19/1/09)

    With Chinese tight up bank loan plus DOW/XAO have run up too fast/too soon, I think the world stock market still fall further. If that happen MEO may drop back to 22c/22.5c = 78.6% retracement, to complete an inverted parabola.

    I sit on my hands and wait for lower.
    This is my guess only, can be wrong. Good luck to holders
 
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