That is almost certain (almost go as far to so no matter what happens with tomorrow's data.) I have seen this trick before. Was duped May 27 into buying AOL, when it seemed to have instantaneously 'recovered' from a slump, bolting up from $105 low in afternoon to close at $120.
Well, $120 was the end of the run ... my order executed at $118, closed at $115, and was downhill from there. I don't remember the exact number of days it took, but somewhere around a week, if retraced back to $105 and dipped much further.
Sorry to any new unsuspecting victims who may purchase tomorrow at open thinking this dog stock started an uptrend. Time to buy was at $75, certainly not now! Aren't these internets a day-traders delight. I can make money holding onto puts in these things, but have not quite figured out how to time these remarkable dead-cat bounces. Would love to profit from both the ups and downs.
But as far as you LONG-termers, forget it.
The $8-$9 per week downtrend did indicate $75 was way to low at this point in time - a consistent downtrend would have indicated a close around $90 this week, so I guess the sudden burst was to be expected.