Iron ore price, page-10649

Much was made of RSI in the T/A tread if you want to read that going back a while. I kept saying ''so what'' and talked
about volume.

Also talked about comparison with 2016 chart as does rcman.

Traders just love to see gaps close but I don't believe even bikemad is correct in looking at worse
case scenario. Gaps happen for a damn good reason and may never close at all.
Think I recall trying to buy more GMG at about $4 mark to close a gap - used that as an example because
it is a share rarely discussed and didn't want to get up noses or cross promote.

Absolutely everything seemed to come together for FMG at the time of the gap, between Vale disaster and the iron
price taking off. Big signal also given when AF increased his holding.

Got pushed down on ridiculous broker opinion also.

An opinion only, that shorters will do their thing and eventually leave us alone or get horribly burned and
push the price up in a frantic race to cover.

We have our very, very clever BB available to aid the long termers.

Calm when others panic?