FMG 1.04% $20.35 fortescue ltd

today a +27c higher open and again got smashed lower another red...

  1. 9,800 Posts.
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    today a +27c higher open and again got smashed lower
    another red candle now -7c
    another troll below 20.50
    another long neck 34c that got smashed down
    another close near daily lows
    another daily false start chart pattern ~L shape

    not looking good boyz.
    this is NOT a good candle after this horrid rundown
    the daily open runup was SHORTED down to daily lows yet again
    SHORTS in charge yet again
    and another 7 days of this to go then the August DCB and then the horrid CRASH SEASON of Sept/Oct begins.

    ive been warning you all since Feb.
    Its now a whopping 950c below the 29 Jan highs i called SPOT ON as a SELL.

    its a BULL TRAP. Buyer beware.

    Wait for the bottom and flooring patterns, be patient, don't catch the falling knife imho.
    Shoulda taken the money toombs.
 
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