Im hiding in the basement, but not 10% for the big guy yet. That...

Im hiding in the basement, but not 10% for the big guy yet.

That open was -41c below the prior close and shot this down to sub 21 again.
the lower open has led to a +11c green candle 2c neck 14c tail
meaning its near daily highs now and the lows were reversed around 20.50
a rising daily chart hated by SHORTS, SHORTs are losing here
but the SHORTS target looks to be 19.00 for now as it has been twice now this year

Yes last year the annual low was 14.70 on 31 October
only 4 weeks to go to that fateful date and the end of BEAR SEASON & CRASH SEASON
FMG has held up and rebounded out of the low zone around 19 twice now

So twice FMG has shown good support around 19.00 and that is an entry point for LONGS and TRADERS, yet I wouldnt be buying here as the CRASH SEASON is still in play & it may overshoot lower once that wall street equity crash that is overdue hits at some point.

its zigzagging now at 20-21 last month or 19.40-21.40 last 2 months
still 300c and way below the annual high of 26 July of 23.73

SHORTS are looking for a drop down from here so just wait and see where the floor and annual low ends up at.

Patience is a virtue, only 28 days to go to 31 october and then the start of BULL SEASON.