time is coming near. we will know in the next week i reckon if these numbers break watch out but if they hold it could rally
this is what we are approaching fast and its been the case since may-july
$6 a FMG bottom and support from the march low
XMJ 300 points shy of a 11900 support from 22/1 and 16/08/07
80 cents AUD support level
USDX 80 cent multiyear support.
its all in the USD rally and it should correct soon and stall at around 80ish which will lend the resources sector a desperately needed bounce from oversold conditions.
all my resources stocks are hurting and fmg is not too bad considering iron ore stocks are withstanding the pressures second best to coal stocks. base metal stocks like OZL and MRE and NCM are just bleeding right now
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