He was pretty adamant about a reversal at the 3907 number. We did run through and of course have reversed. However, there is another equivalent level at 4007. Also, he previously had a Wave 5 target below here. So, I am not sure his models would look at this so much as a powerful rally, as perhaps instead exhaustion moves. Though I know, those types of qualitative assessments are not really part of his jargon. 

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