Define hidden selling?

[MC]

I get asked allot, "what do you mean hidden selling", or "what's a supply level"?
It's basically a level of resistance where the pros sell into the rally without you knowing it. We'll that is until you read this post, then you should know how to spot this warning sign of a reversal.



Some may bitch that it's so cluttered or hard to understand. To that I say...this isn't an easy game! If my 7 steps are too much for you, this game is probably going to eat you alive.

Hope it helps,
MC

[cire2222]

What I saw was a large spike in volume (biggest of day) with a short body candle after a big swing down. To me this means that buying volume has stepped up to soak up the sellers. Had the market been moving up strong going into that I would of seen it as sellers dumping into the buyers. This gives me the okay to take a long signal, today it worked out for a good day trade.