Stephan,
>>>>>>>> Now I get the impression that maybe changing and that
given certain confirmations, you expect 7400 to break. Do you think that 7000 will hold or break or is it not possible to give an indication at this point ??. <<<<<<<<<
You are correct that in the past I was not sure, but recently I changed my position that 7400 will break, in light of market internals not showing strength/weakening and since quite a few indexes are setting new lows.
The next support is at 7000, and I expect a serious test at 7000. From purely mathematical calculations 6600 is also quite possible, but right now I feel that the major test will be at 7000.
>>>>>>>> Also, given the rebound effect of the guitar theory, the anticipated eventual recovery is expected to be very strong ... but do you have anything factored in for the string snapping ... how long before the instrument can be restrung (GG). <<<<<<<<<<
Theoretically for my guitar string to break, the market would have to be at zero. Purely a mathematical calculation. My GUITAR measures/identifies extremes, and the greatest extremes would either be zero or infinity. It better to explain it that my GUITAR measures relative extremes. Maximum relative reading is at 100, but it can take readings of greater than 100. That has not happened yet, but if it does then I will need to re-evaluate. So to answer your question there is a breaking point which is 100.
Seeya |
