TF AM Sell Response @Supply 02.26.09

• A Sample of the volume pricing chart know as the "bid/offer footprint" (among other things)
• This chart is based not on time but on reversal of a specified number of ticks (8 in this case) and precisely shows in real time the flow of capital within the 30 min alphabetical charts previously listed
• Note the initial "imbalance" is a an uptrend to an area of previous supply. "Consolidation" occurs at that area of previous supply (buyers' orders being absorbed by resting limit sell orders- Supply). After consolidation, buyers must either reinitiate trade and drive mkt higher OR sellers must step in and "hit the bid"  (initiating trade), overwhelming the buyers with supply, and thus driving the mkt lower. In this instance, the seller becomes aggressive and drives the market back from whence it came.
• More to come of these examples of reversal at both supply and demand areas.