On our Tentative Hypothetical Models, we see that we have Daily Bullish Reversals
that would be generated if we see another new low penetrating 10650. These
Tentative Hypothetical Bullish Reversals would stand at 11043, 11408, 11965, and
12050, whereas a close above the previous high 10962 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 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.
Socrates