fmg today, page-33

Aussie J, what is the purpose of ignoring contrarian opinion? They are there to keep the "bastards honest" in terms of rampers in either direction.

For instance would you put 100% faith in what Twiggy has been sprouting in that interview or any other comments of late? Even if one does, it is always prudent to see the opposite side to keep gauging risk/sentiment/fundamentals that are forever changing is this volatile markets of late.

Past 2 days of selloff in the wider market has been severe and an outlier in terms of diverging from the mean of volatility. August 14 taper tantrum also took a few months to play out as the uncertainties of no QE was contemplated. Here we are in the month of "sell in May and go away" may be just that or follow 2014 and a fizzler as the market continue the bullish charge.

All we end is a forced RBA hand of circumstances to lower the IR and the bullish move resume. Too early to tell.

WRT IOP, I think there will be continuous testing times where if one is fortunate enough to revisit 1.80ish and get in for the leg up, there is always a decision to make regarding if that is the actual low never to be revisited. You just never know which bounce is genuine of a trap. Manage the trade or investment accordingly for a better sleep.