FMG 0.82% $26.56 fortescue ltd

Yep, I was SPOT ON AGAIN! another red candle -45c another lower...

  1. 9,616 Posts.
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    Yep, I was SPOT ON AGAIN!

    another red candle -45c
    another lower open -14c
    another tail 16c longer than the neck
    another false start daily chart pattern L shape
    another breakdown under 25.40

    SHORTS made an easy 50c today and an easy 30c yesterday.
    SHORTS eyeing off 24.80 then 23.70 breakdowns during this BEAR SEASON
    But Im calling worse than that, they are really looking for 20-22 imho

    Last few years the sharp drops were in May July Oct with zigzags in between.
    February drop down has repeated on schedule, 400c lower than the annual high of 30.00
    now the zigzag around and dropdowns await on schedule.

    Im not SHORTING, its the SHORTS that are,
    im just warning you guys of what they are up to as this is a TA thread and the TA dont lie.

    The colour of money is green and it doesn't love you back.
    SHORTS in charge imho.
 
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