My guess is that the volume is due to short covering. Some unmistakable volume no doubt, but I'm guessing our very own who are shorting against the box have decided not to risk it going any lower and are jumping back in taking their short profits. My guess is that news is around the corner.
while we got a great little run going on here, the volume is nothing to really get excited about. Granted we have three time our daily average, but how low has that been and fo rhow long? I hope we got something real, sure would be cool to finally get back into our seasonal highs of .80-something ;>)