Last night's post I put up a chart with 3C and a VWAP, I said to study it and you'd learn something about how the market works. The chart showed what appeared to be the work of a specialist (market maker) accumulating shares of a triple leveraged long of the S&P-500. If you looked carefully you'd see that accumulation (vi 3C positive divergences) occurred under the VWAP, when prices got "pricey"