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volume traded is buyer & seller
But only one side of the spread is of "good" quality
The other side being of "poor"

Volume is the meeting of demand and supply
Two things seen as one

But

How different is demand and supply ?

Think of any company... So many shares outstanding, of which so many are listed and even fewer available to buy...

Those available to buy = Supply

Supply is finite , it is limited .
Supply has a source , it flows , it has a speed , it can be absorbed

It is like a "creek" it can be "jumped"

Demand compared to supply is (almost) infinite

It surges , it waxes and wanes , it can be present or absent. We have seen it almost vanish in some cases recently..

Demand and Supply

We are always looking for where the volume comes in ( what it does )
and where it subsides.

It is the volume that gives clear defined boundaries--that mean something.

Wyckoff terms are very measured and defined

Up, Down & Sideways
The (last) Points of Support or Resistance etc

With these last two it is important to see the difference of a last point of support and where support maybe NOW

One is a point of background & context .The other is the point of what really matters..

Where is the "Creek" ----Where the volume comes in
It is not a horizontal line drawn from a series of tops

The creek is resistance that is met aways up ahead
It is the Supply , that has to be absorbed and Jumped.

It is the Jump that dramatically changes things and shows them to be changed.

It is where the volume comes in ( important--it is the volume that gives the clear defined boundaries ) and what results.

Charts We saw preliminary Support ( test ) Selling climax ( response)
We saw Selling Climax ( test ) Automatic Rally ( response )
Automatic Rally ( test ) Secondary test ( response )

Prices met supply a number of times

The light blue line is where I see the flow of supply ( creek )

As I said in the XAO thread the creek is found near the rally tops and can be divided into major and minor.... The creek is not any line or even these lines

Only the Volume can reveal where they actually are

Along the minor creek was noted "absorption"

Since then the Volume & Price action I would say is bullish

Observe the volume in the context of the Price movements
( look at the last bar ? )

Also look at the B%

OK where do we buy ?

On the response to the test....What in effect is a last point of support after a Sign of Strength

Note every principle is a response to what has been and a test to see what becomes.

What do we buy ?....Step 5 ... Emerging relative strength.

motorway

<blockquote data-quote="motorway" data-source="post: 284596" data-attributes="member: 7360">volume traded is buyer &amp; sellerBut only one side of the spread is of &quot;good&quot; qualityThe other side being of &quot;poor&quot;Volume is the meeting of demand and supplyTwo things seen as oneBut How different is demand and supply ?Think of any company... So many shares outstanding, of which so many are listed and even fewer available to buy...Those available to buy = SupplySupply is finite , it is limited .Supply has a source , it flows , it has a speed , it can be absorbed It is like a &quot;creek&quot;&nbsp; it can be &quot;jumped&quot;Demand compared to supply is (almost) infiniteIt surges , it waxes and wanes , it can be present or absent. We have seen it almost vanish in some cases recently..Demand and SupplyWe are always looking for where the volume comes in (&nbsp; what it does )and where it subsides.It is the volume that gives clear defined boundaries--that mean something.Wyckoff terms are very measured and definedUp, Down &amp; SidewaysThe (last) Points of Support&nbsp; or Resistance&nbsp; etcWith these last two it is important to see the difference of a last point of support and where support maybe NOWOne is a point of background &amp; context .The other is the&nbsp; point of what really matters..Where is the &quot;Creek&quot; ----Where the volume comes inIt is not a horizontal line drawn from a series of topsThe creek is resistance that is met aways up aheadIt is the Supply , that has to be absorbed and Jumped.It is the Jump that dramatically changes things and shows them to be changed. It is where the volume comes in ( important--it is the volume that gives the clear defined boundaries ) and what results.Charts We saw&nbsp; preliminary Support ( test )&nbsp; Selling climax ( response)We saw Selling Climax ( test ) Automatic Rally ( response )Automatic Rally ( test ) Secondary test ( response )Prices met supply a number of timesThe light blue line is where I see the flow of supply ( creek )As I said in the XAO thread the creek is found near the rally tops and can be divided into major and minor.... The creek is not any line or even these linesOnly the Volume can reveal where they actually areAlong the minor creek was noted &quot;absorption&quot;Since then the&nbsp; Volume &amp; Price action I would say is bullishObserve the volume in the context of the Price movements( look at the last bar ? )Also look at the B%&nbsp; OK where do we buy ?On the response to the test....What in effect is a last point of support after a Sign of StrengthNote every principle is a response to what has been and a test to see what becomes.What do we buy&nbsp; ?....Step&nbsp; 5&nbsp; ... Emerging relative strength.motorway</blockquote>

[QUOTE="motorway, post: 284596, member: 7360"] volume traded is buyer & seller But only one side of the spread is of "good" quality The other side being of "poor" Volume is the meeting of demand and supply Two things seen as one But How different is demand and supply ? Think of any company... So many shares outstanding, of which so many are listed and even fewer available to buy... Those available to buy = Supply Supply is finite , it is limited . Supply has a source , it flows , it has a speed , it can be absorbed It is like a "creek" it can be "jumped" Demand compared to supply is (almost) infinite It surges , it waxes and wanes , it can be present or absent. We have seen it almost vanish in some cases recently.. Demand and Supply We are always looking for where the volume comes in ( what it does ) and where it subsides. It is the volume that gives clear defined boundaries--that mean something. Wyckoff terms are very measured and defined Up, Down & Sideways The (last) Points of Support or Resistance etc With these last two it is important to see the difference of a last point of support and where support maybe NOW One is a point of background & context .The other is the point of what really matters.. Where is the "Creek" ----Where the volume comes in It is not a horizontal line drawn from a series of tops The creek is resistance that is met aways up ahead It is the Supply , that has to be absorbed and Jumped. It is the Jump that dramatically changes things and shows them to be changed. It is where the volume comes in ( important--it is the volume that gives the clear defined boundaries ) and what results. Charts We saw preliminary Support ( test ) Selling climax ( response) We saw Selling Climax ( test ) Automatic Rally ( response ) Automatic Rally ( test ) Secondary test ( response ) Prices met supply a number of times The light blue line is where I see the flow of supply ( creek ) As I said in the XAO thread the creek is found near the rally tops and can be divided into major and minor.... The creek is not any line or even these lines Only the Volume can reveal where they actually are Along the minor creek was noted "absorption" Since then the Volume & Price action I would say is bullish Observe the volume in the context of the Price movements ( look at the last bar ? ) Also look at the B% OK where do we buy ? On the response to the test....What in effect is a last point of support after a Sign of Strength Note every principle is a response to what has been and a test to see what becomes. What do we buy ?....Step 5 ... Emerging relative strength. motorway [/QUOTE]

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