potential downtrend reversal chart break, page-31

Call a spade a spade time again. The events of today are evidence of blatant manipulation. After rising solidly for no reason it was sold off in spectacular fashion today on the highest volume of the year. Once again for no published reason. Coincidentally it was sold off at the exact moment the MACD crossed the zero index. I have said it once and will say it again. It is my opinion that this stock is now firmly in the hands of traders and the price action has nothing to do with any improvement in fundamentals whatsoever. I tentatively was hoping for good news but it is now very clear to me that the SP rise had nothing to do with good news at all. As for a major shareholder exiting, last time I spoke to the VP he stated that this was not the case. Also the volume of shares traded is only a minuscule proportion of the total number on the books.

Nevertheless, trading is still a viable way of making money, if you're good at it and I personally have no issue with it. However, it's still very important not to get fundamentals and trading action confused. I certainly won't be buying any more shares until the traders have left the floor or fundamentals change.

I hold mmc