Really Fat Pizza, page-908

The XJO closed lower on Thursday, where the incomplete reversal looks like it may fail.
It wasn't very surprising to see price dip lower, after the market has shown an inability to rally over the last six trading days.
So far not too much damage has been done, as price remains comfortably within the range of the incomplete reversal.
It would likely take a clear break and close below that level (~5700) for the market to threaten a change in trend.
As usual watch carefully-as the depth and duration of a pullback can be used to judge the strength of the underlying market sentiment.
(obviously a quick shallow pullback suggests the underlying market is stronger, than a deep pullback over an extended period)


cheers

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