this move is called a "fake out and shake out"

the stops are run to the downside, scaring out all the weak hands who do not know what they are looking at.  the weak hands that were merely speculating with no basis in knowledge and were acting as mometum players.  the investors suckered into placing protective stops are cleaned out on these moves. 

 stops do not protect you. knowledge does!

the market will reach its equilibrium now, awaiting further news on other drill results.

do your homework.

be right and sit tight.

regards,

jeff