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I tend to agree that there are a great deal of so called 'chinese whispers' going on ATM but the underlying factor is that 8000 may be a very strong support level; probably 7800 is a higher possibility though. A bottom will be found in the next 2-4 weeks but a double-bottom fall is now an impossibility. Most institutions on both financial and resource have had information factored in now - 'Prices almost directly correlate and reflect situation'. Evidently everyone wants to get in at the bottom and the problem with this is that once you see it, well it is simply too late. Everyone wants to pick up stock at the best price possible, similar to a lady shopping for a pair of stockings - But sometimes you may just miss out on that 20% off sale. Everyone has a plan ATM but do not allow fear control your decision making - If TA is showing you a buy signal; Buy!

Cheerio Nikess.