Iron ore price, page-37303

well, some of us around here got $hit thrown at us for suggesting the current scenario was ahead of us.... it's not a told you so moment, it's a moment to remind people however, not to lose sight of the big picture and to not be overcome by biases. This had all the hallmarks of everyone on one side of the trade, high on the fumes of new ATH and frothy dividends, getting offended if someone suggested the current scenario. Text book stuff. Meanwhile, the market will do, what the market has always done! Cycles at play, and sentiment getting reset after a blow off top in iron ore. I expect some support here at low 17s for FMG, but remains vulnerable. Bear market rallies might seduce people back in, but this will remain vulnerable to the iron ore price. If $17s break, $14s next stop.