The bottom is in.

[dchou]

Note the huge volume spike at 12:00 (63,511)

[SuperHakka]

No, if you look at the 15min chart you will find that a good part of that volume was still while the price was declining. it only started going up at 12.30.

[Wuji]

Note the huge volume spike at 12:00 (63,511)

For today you are probably right.  Whether this is yet another bull trap will remain to be seen until next week.

Also everyday at the end of the day there is run up just like on stocks when they are in the red.  

[dchou]

No, if you look at the 15min chart you will find that a good part of that volume was still while the price was declining. it only started going up at 12.30.

Didn't see the 15min, but a lot of shares exchanged hands much lower than where the price is now.  Should provide good support.