If this is based on "analysis" from a chart reader, the problem is they said the same at 10,000, then at 9,600, then at 8,200, and now it's 7,200. They even saw all manner of bounces, rising wedges, and inverse head and shoulders. Yes at some point it would reach a bottom and they would claim to be right. And if it isn't 7,200 there would be no apology or explanation, they'll just point to a new support line.