To: d. alexander who wrote (24952 ) 1/28/2000 6:30:00 PM From: Johnny Canuck Read Replies (1) | Respond to of 68216
I usually only pay attention if the McLelllan Oscillator goes above/below +100/-100. I agree with this take on the markets. ****************************************** ****************************************** To: T.R. (18530 ) From: dvdw Friday, Jan 28 2000 6:15PM ET Reply # of 18531 My Take on the market and MRVC in particular. We have a liquidity crisis, there is more money waiting to rotate into Mid / small caps from the paper gains of the latest long term holding period. The Problem is there simply are not enough shares in our or MANY other Stocks free floats ( uncommitted shares). Instituional Ownership expanded again last qtr.in MRVC, The crisis is widespread, these companies cannot advance without the Shares available to meet demand. The shares must come from somewhere so the strategy has been a roller coaster, on the one hand we have a rapid advance in our case to 87. MM Says now thats a fair price, XX amount of shares come out and are handed off to rotation capital. Not enough however so the tactic is reversed, MM starts taking the shares down to Punish those unwilling to give up the shares at a higher price. Still not enough FUD generated shares, so a steeper drop is in order, trying to get hold of the Shares Bought on Margin. Today we saw this happen, and it may continue again next week under the guise of a Correction. When the whole market goes down, the opportunity to disguise where the money flow is targeted is enhanced, as some of the stocks are actually in Distribution while others are Supply short accumulations. In the days and weeks ahead this will become clear and those not making the cut as favorable for the coming holding period will fall but wont recover, and those making the cut will resume their upward movement. The MM relys on psychology waging simultaneous battles of FUD and HDE (Hope Dreams & Expectations). This is the State of the Market and MRVC remains a stock under Accumulation. Whats different about MRVC today than last week or two weeks ago? Nothing, just the MM tactics during a rotation of Capital. All Action Happens Against the Float.