agree with most of what you say - i would also add that the emerging market index XEC jumped around 10% during june/early july, but in last few days has retreated around 5%, so i would see some holders locking in profits...it has been on relatively small volumes after smashing through large block trades few weeks ago
To me this is where you back your FA over TA, watching the trading it does seem some big buys were pulled and traps set to get the price down, knowing the market was in decline a lot the last few days, and has been over egged down imo.
Eagerly waiting for the quarterly which should be next news item, barring a left field piece of news
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