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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: bruceleroy1_- who wrote (13395)	7/15/2002 8:16:11 AM
From: SGJ	Read Replies (1) \| Respond to of 19219

The market maker has no choice but to buy the stock and hope for up, like any other bull, until he can't anymore. The accumulation is not so much anticipation or foreknowledge of a rally as it is waiting out the selloff, that should inevitably come. The race is can the market maker hold out long enough for the selling to subside. Helping the Market makers are lines of credit at banks and the PPT. The danger is the MM will run out of the liquidity necessary to continue the game, and have to force sell into a declining market, adding fuel to a meltdown.

To: bruceleroy1_- who wrote (13395)	7/15/2002 8:44:59 AM
From: Killswitch	Read Replies (1) \| Respond to of 19219

Exactly. I read an article on Saturday I think that was describing how the various brokerages were backing off providing liquidity. The article stated that the specialists, brokerages, market makers etc. WERE still willing to buy big chunks of stocks from institutions, etc. during market declines, BUT the article also said they then turned right around almost immediately and sold the stock back to the market. The article claimed they were unwilling to hold. My question is: does the Barron's data reflect this?