This isn't short covering, it isn't retail buying on 5-10-15 min charts, I'd guess shares were picked up where there was cheap prices and lots of supply, the one place retail traders never suspect smart money to accumulate, while it is the most intelligent place to accumulate, people just get use to the way they do or see things and don't imagine anyone does things different.
It's kind of hard to believe Non-Farm Payrolls doesn't have something to do with this, discount the market right up to the day before, swing the USD/JPY to the biggest dump in 3 years on no news and maintain positive charts through the entire thing? I don't know, but I do know it wouldn't be the first time, the Government is building a new press facility to prevent leaks because they know and admitted there have been leaks, then you have the F_E_D sending out that email a day early to 154 of Wall St.'s biggest firms.
You know the gap theory, a big gap on the open I was talking about yesterday? Well NFP is at 8:30 tomorrow a.m.
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