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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Casaubon who wrote (16217)	6/6/1999 10:19:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Casaubon: I Don't know what to say , volume don't always work , in fact most TA can become meaningless when a stock is doing as you describe watching the habits of the Market Markers who are handling the stock if you can find out who they are and other issues they handled in past..may give some hints. Generally I think a lot of small cap stocks if priced under $10 and don't trade over 100k share average just don't respond to most TA and become more or less a special case and things other than TA need to be considered, institutional buying with the price falling is one of the things and is most often a good sign. The market makers may have a rather large order they want to fill for a client who has committed to taking xxx & xxxx & xxxxx if they can get it at some lower price, well to fill these orders and make the deal the MMs will step her down and shake out any weak hands. They want to fill big orders and in most cases where ever the big orders are they have their ways of moving the price to where it will trade. If they get large sell orders at a price above where it is they will tick it up too just to get that volume man thinly traded stocks are hard to figure. Jim