looks to be settling around 61.8% fib?

This morning I bought back into the selling on MNE. From a TA perspective this was based upon what is looking to me like a respect of a 61.8% retracement. Whilst the stock has recently broke its upward trend line, I am thinking that sellers are off loading due to worries around the 'fiscal cliff' noise. In these current market conditions, it is the big strong stocks in the ASX 50 that are propping up the market imo. Anyway back to MNE, hope I am correct on what I am perhaps seeing play out on the charts, see what happens from here.....

Good luck to all with your trading
Cheers
GF