Iron ore price, page-846

Exactly as I said in Feb guys.
To those who listened & acted, congrats, to those holding the crying baby, bad luck.

Those of you who thought 7.00 was going to go to 13 were deluded, as I said then 6.50-7.50 was the top sell point and next stop was going to be 5.70 then 5.50 range and well well looky now.
the Instos were selling around 7.00 to the baby holders and that was the time to take profits and remove your input cost as I said.

I then said think of the wife and kids and boy was I right!
Now FMG is now at 5.24 and dropping like a bucket of shoal from 6.50 to 6.00 to 5.50 now even below that now looking for a floor. 5.20-5.00 must hold or else we will see 4.70s then 4.00 then ..... I don't even want to think about it. The shorts & Insots are killing it from 7.00 to 5.00.

Anyone not believing me now? Or are you still in denial? Anyone care to catch the falling knife?
Wait for the floor and the knife in the floor for 3-4 months and then that may be the bottom. Diving in on short moves is lunacy right now. 5.00 is the serious testing point now then 4.70. Until a defined floor pattern is in, stay away imho.