Just ask yourself the question why would someone go to all the the trouble of capping and accumulating. (mind you MEO has been manipulated for many many months)
I totally agree low volume and retrace to a sensible fibonacci level suggests this is a breather ahead of much stronger move (my fibonacci is to 38.2% on growth from 22.5.08 to 2.6.08...)
Would just rather it happened tomorrow rather than next week - I must learn to be more patient