China's/Asia's DO OR DIE support level is here

My custom China/Asia index shows, very clearly, the support near 7200 is critical at this time. The continued weakness originating out of China and the efforts to contain the current rout as well as contain an economic crisis are clearly generating concern throughout the globe. China has it's fingers in many other global nations. A collapse in China would directly influence dozens of foreign nations in terms of expectations and long term infrastructure projects.

The one thing that concerns me the most is the abilities of the Chinese consumer and middle-class to continue their lifestyles while the Chinese economy appears to be contracting. At some point, we have to consider that the Chinese consumer may capitulate with this economic crisis and begin to pull away from speculating/investing in ways that the Chinese have not experienced since 1994-95. A prolonged decline in consumer activity is NOT what China wants in an attempt to recover.

Watch this 7200 level over the next few weeks as this is likely going to be a temporary floor before a breakdown begins.