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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: JBH who wrote (11688)	2/1/1998 12:51:00 PM
From: David Smith	Read Replies (1) \| Respond to of 79565

Re: APCO, you stated: "It looks like the MM's spiked this one down for a reason just as they have before the last up cycles." I always find it fascinating that so many people attribute any kind of undesired action in a stock to a sort of ill-defined, ulterior market maker agenda or "manipulation." APCO is up about 100% in the last 8 months. Please elaborate on why you think the stock's action last week was more dealer-initiated than actual retail profit-taking, and what you think the dealers may be up to...