Gotta,
Such moves are usually just market noise. A few may have seen holding eight as important for them, and so once it convincinglyly got stuck below eight for the day a bit of capitulation -just guessing. Then you also know how the situation with stop losses can work at such times.
Anyway I am still holding off on the small purchase I still intend to make, having not got my fill at 806 a month ago.
Don't like the broad market at all atm, and not good for resources.
EL
afr article, page-15
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