In this paper, we investigate the space of certain weak stability conditions on the triangulated category of D0-D2-D6 bound states on a smooth projective Calabi-Yau 3-fold. In the case of a quintic 3-fold, the resulting space is interpreted as a universal covering space of an infinitesimal neighborhood of the conifold point in the stringy K¨ahler moduli space. We then associate the DT type invariants counting semistable objects, which give new curve counting invariants on Calabi-Yau 3-folds. We also investigate the wall-crossing formula of our invariants and their interplay with the Seidel-Thomas twist.

The present paper is devoted to the theory of discontinuous Markoff processes, that is processes where the transitions between states take place either by “jumps” of some specified kind, or by other means. States are taken as point$x$in an abstract space;$phases$are points ($x, t$) in the product state×time space; sets of states are denoted by$X$, sets of phases by$S$.

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