I used to think something along the lines you are

I used to think something along the lines you are stating but finally realize that the reality is we ran too hard, too high and wayyyyy to fast based on tons of excitement . Cnbx experienced the same exact thing we did and at the same exact time. Shorters are some of the smartest traders ever and saw a perfect time to attack us and others. .70 is holding very nice and has for some time,which tells me nobody is selling and patiently waiting for next big move upward. I am actually at peace with the trading activity lately and want to see a slower rise in pps. That being said if this shoot too high too fast i will have a different strategy next time.