Really Fat Pizza, page-210

The XJO accelerated down to closer lower on Thursday.
The response to Wednesday's price action was negative, which in some way confirms the supply was genuine.
Volume reduced on Thursday, but the spread or range increased, which was probably an illustration of the lack of buyers in the market.
A reversal is often weaker or less consistent on low volume, so watch for where the volume comes in (and how it presents).
The last two days price action is possibly a little overdone in the short term.


cheers