jgunters - volatility withdrawal - thursday, page-8

Hi gang,

DJIA last night had an increase in volume BUT a narrowing of it's spread, as a very slight upbar

in layman terms this would normally suggest supply was entering the market

stepping back and looking at where it is, it's in a strong resistance area

of late has the action we've been seeing which included last night, absorption volume, meaning is the demand happy atm to buy the selling from over to the left

guess we'll know over the next little while, would be looking for any bearish signs that may suggest the other

cheers