It's quite obvious what's going on.
A quote from the Wall Observer thread:
So how you guys liking that back-and-forth wash trading?
Feels just like a groundswell of overwhelming public demand, doesn't it? At this rate we'll be over $5K in no time! /s
Some market manipulators are playing on people's confusion by trading massive volumes back and forth. "Crash", "recovery" - all of that stuff is meaningless bullshit at this point.