bounce or plunge at 90c, page-3

Take a look at BHP and RIO in NY and London overnight. Also, take a read of:

http://www.macrobusiness.com.au/2014/05/panic-creeps-into-iron-ore-dump/

I think short term the chart set up has clearly failed and it will breach 90 cents on Monday (IMHO)... things look grim. I still believe that we may close that gap way below (50 cents?). There have been a few good tradeable zones of 3 to 4 cents but frankly unless it rockets lower I won't take the risk until IO flattens.

On the plus side, the ignore function on HC is working a treat.