It seems to me that this behavior is being caused by something I touched upon a couple of weeks ago when I said the comming correction will be the most anticipated ever. Since everyone is expecting the correction anytime we see any hint of a reversal traders are quick to run for the exits or go short. So far EVERYTIME they have done this the market has gone the other way. I am also seeing a very high put/call ratio so far today which means....you guessed it....the market is poised for another up day today!
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