"let go to the leash -- as in the MM's doing another up run or dump???"
Yes, Last weeks Monday morning sideways movement at .015 was a real indicator that the MMs were 'churning the pot'.
MMs will 'churn the pot' or hold a good stock sideways until many of us have climbed on board (at that level).
Monday night I sent an alert out to some of my buddy's stating that the .015 pps was going to tank on Tuesday, I don't want to rehash all the details but I mentioned that zvtk was going to be pulled back to the .01 cent mark (MM's like to sit a stock on round numbers) at which point they would wait for many to climb on board. Many would be tricked into thinking that the .01 level on Tuesday was a bargain price. I further went on to explain that the MMs would sit/churn at .01 until they had enough of us suckers on board and at that point they would start pushing the pps down to old/former levels of support, like .008. And they did. They will then churn for a bit and let people again climb on board as they let the pps rise a small amount.
The pps rise could be considered an early indicator for some and they would chase the price up to ~.009 at which point the MMs would force the pps back down just below that support level (.0075~)
Many of us fools will jump ship and sell back to the MMs at a lose. Some of those would have bought in at the highs (.0099 to .0162) on Monday and they too could be easily coerced into bailing at a lose. This is how the MMs root out the weaker players all the while buying back cheap shares that they sold the day before at that days highs.
The MMs will play this tactic as long as they can in order to garner shares at a cheap rate. When the MMS are loaded up with cheap shares they will let the leash go (for a bit) and sell off their shares at huge profits.
At some point in the future, The MMs will have sold off the lions share of the cheapy shares and they will repeat the cycle once more. Maybe at the 3 or 5 cent mark (to early to tell)
On Monday when they let the stock rise they will again have to yank the leash at some point, (watch for the 'pot churning')
Just remember this:
MMs love even numbers .0010, .0100, .0300, .0500, .1000 etc.
MMs also love to stop, hold and churn at those numbers.
MMs also love to force the pps back down to former resistance levels as we saw last week.. .0100, 0080, .0070 etc.
They do this for the simple reason that for all intense and purposes, The charts can be blamed for the pps falling to those former "charted" support levels and the majority of players agree with the charts.
-If the MMs know that the majority of us use charts then they will use the chart and the knowledge that your using the chart against you.
Hey, I still use charts but I am more akin to the hows and whys of the Market Makers and their tricks.
Charts are a handy tool but just remember, the Market Makers are expecting you to react to the chart info and they can use that info in any number of ways to their advantage.
moe
