Captain, a clarification please. Are you saying RIO should reverse, iron ore or commodities generally?.
I'm convinced the 9 wk Counter trend on the Dow is now complete and we start the slide back next week. I've been caught with too much cash as I was forced to take some profits yesterday and wasn't able to redeploy cash today as I wanted, as certain stocks moved away from me.
Dow is open on Monday ahead of ASX opening, so I'm not confident I can get good entries anymore so im going through my charts searching for opportunities.
FMG is a potential short but I'm out of touch with the iron ore space. What's your position on the iron ore market?
New Hope Coal NHC by the way is looking good long, but I'm not going long anything with the dow about to crack.
Currently short MQG, QAN, STO.
The Big Boys, page-535
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