Also daytraders have influence. But not so much. Most important are the big guys like the institutions/ mutual funds.The best way to look up their information is @ financeaol.com. Look @ Institutional ownership. They have a column in their overview with the turnover rating being high/medium/low. This are the big guys who really can influence a stockprice with big blocks of shares buying/selling. Low turnover means they buy/hold for the longer term.
What I mean is you will see a stock move up then stop at $ 4.99 then a 100 shares buy then. It will sit there for a small time then either a buy to go up like a 300 500shares or a big sells. Is it the MM or a trader
I disagree with your assumption, that this is a bearmarket rally, which has stalled.First it has to be proven, if this is a bearmarket rally since beginning Mar. We can only conclude afterwards. Second all 3 major indices have added 10% to their value since beginning of Oct. DJIA (9400/10500)/ S&P500(1020/1120)/NASDAQ(2050/2220). I don't call that stalling......A temporary correction is healthy every now and then. All the corrections haven't happened with large volumes till today......That is a good sign.