That's a tough call umair. I've actually got a target of 25.25 from P&F, and I'll be looking to get out about there if it appears that 25 euros is a strong resistance point.
The sp has moved so quickly since its low in late October that I feel it must retrace a bit soon. Having said that, on a line chart the sp has just shot upwards out of an ascending triangle, so I feel we've got a bit further to go yet.
There is an uptrend channel of sorts that commenced at the beginning of 2003 and the top of that channel is presently just above the sp, funnily enough (if the sp went up vertically) at about 25.25.
On a personal level I wouldn't jump in now, unless I was in for the long haul (and wanted the dividends!), because I feel there is too much of a possibility that the sp will hit the top of the trend channel and reverse for a while.
I am not a professional chartist and these are purely my views, but for what they're worth.....DYOR
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