I think the big, smart and cautious money knew there was going to be a trial resizing. I was not experienced enough to internalize this until Larry Smith forced me to consider it before it was announced. He's been around a long time (well not that he's old -- he started analyzing when he was only 3 1/2 years old:) Anyway, he knew it, and so did the other really smart analysts. In hindsight, it made total sense for numerous reasons many of us already discussed.
Regardless, I think that is why there was no pre-pop....the guys with all the chips were waiting for the real show to start. I don't watch price very closely, but when I do, it's always after the market closes. :-)