Last week I went short KLAC when it broke 30 resistance. was planning on covering at 25.5 because that was next res pt from Oct 2000. Yesterday it got down to 25.74 pre-market then shot up, in afternoon it didn't look like it would brkdwn so I covered for close to 2 pts instead of 4, not here to complain at all. Yesterday and today KLAC has moved higher on increased vol and beyond its normal daily trading range, whereas while it was declining it was usually trading below its dtr i.e. moving about 1-1.5 pts/day which makes me believe sellers & new shorts weren't comfortable selling or taking on new shorts at this new sub 30 level. I trade this long and short, I react to what the market tells me I don't try to predict( I'd be broke now if I did) but I'm curious as to why KLAC and the SOX are shooting up so rapidly, it seems like more than short covering, maybe bargain hunters as well?