FMG Technical Analysis, page-388

where is your bullish doji star now aussiebulls.com? Down the flusher.
As I called it right, it was a wrong call by aussiebulls as they didnt look at it with the annual chart.
The red shorts are in charge and getting bigger & more crumpled.



$5.00 is support resistance and its been broken several times yet again today and with DJI on record after record I expect the Oct/Nov correction soon and DXY to start its collapse again with low US AUS global inflation to send the fed into backoff rates mode.

the double cliff face is looking ominous as I have been warning for some time now.
Expect 4.65 support in the next week at this rate, good reason why Power is leaving.
If 4.65 doesnt hold then looks like 4.00-4.65 range as I predicted some time ago.
The shorts want to smash it before the next divvy runup & they are running out of time to Dec-Feb divvy.

I expect the divvy will be a lot smaller and they will use more cash to pay more debt rather than the shareholders. The market seems to be agreeing. So wait for the lows, no rush.

I do like FMG BUT its like this for a while now and the red shorts elastic is stretching.