a close above 20.77, or an open above same begins the true trigger of short covering
chart shows a 20.77 high back on Nov 12.
i believe this is resistance for the short sellers.
as such we bounced lower near there, but may well sit near it.
an open above it tomorrow, can look for some serious momentum on short covering, as the last
round of doomsayers will sufficiently under water to give up.
a rise above 22.00, and we're off to the races...
in the meantime, i expect that some shorts will try to get in a deeper hole to keep it down.