RE:RE:RE:RE:VT Called ItI think this is close, but it discounts the role that people with inside information and financial power play in managing the opinion of crowds.
If you think this is legitimate crowd behavior, and not a deliberate stampede created by one or more sociopaths/banker-traders with inside info on which retail accounts hold positions, which ones have stops in place, which ones are pushing the edge of their margin, which ones have buy orders at 2.55 etc. then the crowd behavior is going to appear inexplicable.
But once you start to learn the technical rules, AND get a feel for the amount of asymmetry there is in terms of market power, AND give up all belief in the idea that there are any rules applicable on the TSX (and TSX-V, and NYSE, etc...), then things start to make more sense.