pic,
Actually, I've been quite pleased with the trading pattern. Yes, there have been some very quick moves, yesterday morning for example, but these occurred on huge volume and smoothly with no real gaps up. It's the gaps up on low volume that seem to me to generally give rise to retracements. I'm sure there were some traders involved, and they will be taking profits at the end of each day, but I think the large volume buys are some large players getting in. I doubt they will be selling much very soon. All in all, I like what I see.
spiny