TA wise she was / is overbought on the daily, there was no...

TA wise she was / is overbought on the daily, there was no doubts on it.

At least it's back inside the bollie bands and some heats gone from the RSI! Stochastics and MACD now look on the ordinary side of good. Next support at 0.485.

It had to pull back and let off some steam at some stage. Really the whole market does, it been a pretty descent run. The All Ord has put on 10% in the last 6 weeks. So it wasn't just MEO time, it's the markets time to breath.

I don't hold a great deal of fear about it though, just people locking in profits. We have news due soon that can hopefully push us up through what i see to be an awkward point around the 0.53 mark.

Cheers all.