If you study the Top 30 Volume closely enough, you will see for the last 32 minutes, there were a lot of short covering took place. Yesterday fake breakout combined with sellers shorting was the reason why the market from strong turned weak yesterday. Opening today, many stocks were trying to run because many shortists were covering shorts and hence after shorting covering, it's time to monitor the supply/demand factor on which side is stronger. The Top 30 stocks are pretty active today so watch it closely.
Ronald K - Market Psychologist - A Stock Market Opportunist
