Wyckoff trading method, page-1398

I just thought that the volume was still quite high, considering that I had said over the weekend that the previous three bars (at that time) were of interest.
And today's volume was the second highest of those recent volumes.

And on that relatively high volume, today's bar was quite narrow (in its spread) relatively.
Now if all that high volume was just sellers trying to get out, then I would have expected the spread to be wide....in effect it would show price stretching down searching for support in the face of overwhelming selling pressure.

But instead, the bar was relatively narrow, which suggests a decent element of support/absorption/accumulation in the market today.
Yes, there must be quite a bit of supply being drawn out, but there was also quite a reasonable supportive influence opposing that supply, which kept the bars spread fairly narrow (or at least not particularly wide).

In the end it will still depend on what happens in response tomorrow (it always does...), and if the supply being drawn out remains manageable (and does not become overwhelming), but at this point in time I still remain optimistic that the upthrusty bar from Monday maybe OK.

Does that make sense ??

cheers