I note a difference in the markets in this respect....

A while ago with Kimber (KBX) which I can watch in real time, everytime a level of [ask] would get taken out it would be immediately replaced with another [ask] of many shares at the [same ask] price. This was the shorts preventing the market from rising, establishing their position prior to the market's fall which was inevitable for the most part. Today every time a level was taken out, a new and [higher ask] appeared which is what one would expect most of the time. In other words the market is back to normal in KBX, the shorts are out, the price goes up incrementally, but buyers are not yet confident to come en masse for fear the price will get driven down again. Confidence will return soon.

I don't think price will get knocked down this time. I think the shorts are aware of the potential for the U.S. Treasury Bond market to have problems and the U.S. Dollar to have problems. Additionally the [bid side] has more volume than the [ask side] so it would take a lot larger sell position to move the price back down.

Right now (delayed 20 min) in TDC the market depth two cents below the price [the bid] is 29 orders for over 600,000 shares whereas the price above [the ask] is only 14 orders and 250,000 shares. Sure someone could come in with a large sell order and knock the price down but they would have to have a good reason as it would take a lot of shares sold to move the price down now.

P.