| Turning to our Tentative Hypothetical Models, we see that we have Monthly Bullish Reversals that would be generated if we see another new low penetrating 5720. These Tentative Hypothetical Bullish Reversals would stand at 5642, 6860, 6882, and 8244, whereas a close above the previous high 6770 would tend to suggest that these Tentative Hypothetical Bullish Reversals will then become fixed as long as the low holds thereafter for at least several days. Moreover, the election of any of these Tentative Bullish Reversals during that session would signal that a bounce is unfolding and that such a low may stand. However, if we continue to make new lows, then these WHAT-IF Reversals will be replaced by a new set until the low becomes fixed. |