steady as she goes

It looks like it is going to be a quiet but testing day today.

After 3 negative days on the DOW this is bound to test the whole market. I believe the shorts will leave the market alone this morning and look for bargains later in the day.

MEO will find resistance in the mid 60s and consolidate there. We are back to a similar situation we were in the low sixties a week or so back. Slow but sure.

Looking at OA's charts we need to keep an eye on things but I can't see it going too pearshaped before the announcement as the fundamentals are still the same.

By leaving the announcement open ended for October it will lead to less speculation on that count in any case - until we get to the end of October anyway. I think the countdown to the 30th September overheated the SP.

I think Jurgen and his crew have learnt a lesson from the turmoil of last week?