Normal
Yep, but the sentiment will still take it back down. Although when I predicted RIO would hit 40 which must have seemed nuts at the time, in the back of my head I was thinking FMG would be around .60c (lucky I didn't voice that!). The market has voted FMG as better than RIO and BHP, even before this latest months run up, over the last year which is consistent with your analysis. Wasn't questioning your brain but this is running on sentiment, despite what ever fundamental position you take just like the rubbish - AGO, MGX, GRR, ARI, is what I'm sayen. Recoginising that is critical, cause it will turn, with the others when the turn comes.So, when might the turn come? Well This is a chart of the US transports which front ran the markets down. It has kicked back up to the critical/classical 61.8% ratracement level and what it does from here will determine what happens next!
Yep, but the sentiment will still take it back down. Although when I predicted RIO would hit 40 which must have seemed nuts at the time, in the back of my head I was thinking FMG would be around .60c (lucky I didn't voice that!). The market has voted FMG as better than RIO and BHP, even before this latest months run up, over the last year which is consistent with your analysis. Wasn't questioning your brain but this is running on sentiment, despite what ever fundamental position you take just like the rubbish - AGO, MGX, GRR, ARI, is what I'm sayen. Recoginising that is critical, cause it will turn, with the others when the turn comes.
So, when might the turn come?
Well This is a chart of the US transports which front ran the markets down. It has kicked back up to the critical/classical 61.8% ratracement level and what it does from here will determine what happens next!
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