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To: GraceZ who wrote (28437)10/15/2000 6:15:21 PM
From: UnBelievable  Read Replies (3) | Respond to of 436258
 
I Don't Know That We Totally Disagree

When money flow fails to keep up with rising price on the way up, professionals see this as the time to start their exit and sell into public speculation. Conversely, they buy into the public dumping.

One of the key points in my post was that negative money flow on positive price movement is indicative of distribution. I do have a hard time believing that "professional money managers" decide to buy a stock because the small investor is selling it, although I'm sure that this does occur at times.

I must disagree when you state that a MM is indifferent to the price movement of the stocks they are trading. There are a number of situations where the MM has significant incentives to see the price of a security move in a particular direction, and in most cases that direction is up. For example, a MM's profit on a MOC order is clearly related to the ability to ensure that the shares acquired to fill the order cost less than the closing price.