It appears to me that the big boys will be moving it down a bit before the next buy up, like going up the stairs. This is how you get retail shares I assume, you fake a top. This will be true if they have indeed found something....
If not, then we will drift lower if the rumour is not substantiated, or I should say, until the expected drill results actually occur.
This I think is the nuance and skill of the day trader.. determining, with consistency, which signal it is.
I am a terrible day trader. Just another BOZO on the NOT bus, which I believe is slowly moving on the road to continued success, even if she does take a detour for lunch and nap from time to time.
BK