One notes the Tel Aviv 25 index perilously close to the round number of 1000 but down a relatively subdued 1% from its Thursday close. The role of round numbers like this should be considered, as well as the attraction of round % declines like 20%. One notes that almost all European markets are down 20 to 24% this year, Germany -22%, France -24% , Spain -22%, Switzerland -20%, Italy -24%, Ireland -29%, Netherlands -22% , Belgium -27%… Only England and Denmark are down in the teens.
In this context one speculates that it would be worthwhile to look at holidays as being inordinately associated with turning points, especially when they try to throw you off the first day following.
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