here's what I found:
http://www.blaufuss.org/HSM/TEXT/MVPMAN_txt.html
http://www.med.ucla.edu/wilkes/MVPmain.htm
remember that in mitral valve prolapse, the sub-mitral apparatus (chordae & papillary muscle) can't maintain the valve in a competent position --> hence, the prolapse. The prolapse occurs during
Systole: when the left ventricle contracts to push blood out, the mitral valve should be closed shut, but in Mitral valve prolapse it's not - hence, blood goes into the left atrium, again: during systole.
It seems as though squatting increases the LV end-diastolic volume (preload) due to increased venous return--> this seems to strengthen the chordae thus preventing the prolapse from occurring.
From UCLA med:
" those maneuvers that increase venous return and diastolic filling (squatting) and thereby enhance the ventricular volume, help to maintain tension along the chordae and to keep the valve shut."
I'm not sure if my understanding is correct, so hopefully someone else can let us know if they have a better explanation.