Dugsab, Dalian iron ore futures have closed down for four days...

Dugsab,

Dalian iron ore futures have closed down for four days straight with a loss of 14.5%.
Steel futures fell the better part of 1% today. Port stock piles rose by 400kt last week and the ferrous scrap market in the east of China also fell last week, posting the largest weekly fall since March. If we had a reversal today as you say, measured by one days performance in Australian mining equities, it will have to be a real sharp one. I'll stick with the idiocy spread theory if you allow.

Pleasant Dreams
SilentO