where to from here?, page-167

bungi,

In my first post to you I was describing when the Pro's are in a distribution, and are selling into demand.

and it does look like that.


But they could also be bullish, we dont know for sure yet.

In my second post, re- absorbtion volume

That would be where the Pro's are bullish for higher prices and are not distributing yet.

In this case the narrow spread would be caused by the "trapped holders" (from the high to the left) who are selling to get out of what was a bad position and the Pro's are absorbing their supply as they want to take it up higher.

You should get a pretty good idea what they were up to tomorrow.

I hope I explained that more clearly, let me know if you need any more info, glad to be of some help

cheers