I am no conspiracy theorist, and my assumption is this has been an oversold rally. However, I love that Bill King (of M. Ramsey King Securities) asks the questions that others gloss over:
SPZ s rallied 13.75% from the pre-NYSE open low on October 4 to October 12 high. Normal markets do not rally almost 14% in 6 sessions. Normal buyers do not behave this way. Volume was lacking on the rally; there was little real buying. The compelling question is: Who forced SPZs higher and why?
14% in 6 sessions? That some serious shite!