In the first, everything was easier, there was a gap between expectations and reality. Then every movement could lead to very interesting consequences..
In the second half of the year, there were only two events: 1) panic in early August as a result of the sudden realization of the gap between reality and expectations in the first half of the year; 2) panic back due to excessive pessimism, which accumulated at the entrance to September.
All the rest – it was a technique, confusion and vacillation, as well as the lack of strong money in the market, because of what the usual structures were broken (against the background of a general structural shift in the post-Dod-Frankivsk world).
What is characteristic, there are more ferical explanations for each market movement.