RE: Heres what I thinkI'm thinking so too.
I've got a stock (ENG), and they underwent a similar trading pattern in the days preceding a sharp spike upwards.
Each day the stock would open strong, drift down for most of the day, and then close strongly.
Each day more of the overhang would be cleaned out, as can be seen by the rising lows.
Date Open High Low Close Volume
09/14 3.750 3.880 3.350 3.880 370,370
09/15 3.770 3.900 3.490 3.900 85,000
09/16 3.850 4.000 3.650 4.000 113,600
09/19 4.000 4.000 3.860 3.860 15,765
09/20 4.000 5.400 4.000 5.250 466,651
09/21 5.760 6.450 5.750 5.850 543,101
Let's hope the follow through on CXX is just as dramatic as that with ENG !