Es Charts

[studyolic]

Mal,
I enjoy your posts and your market analysis. I do not use Elliott nor Fibonacci in my own work, but I often find that your market view of the DAX agrees with my view of the DJ Euro Stoxx50 and FTSE.
Like you, I got out of my long positions at the close on Friday 18th, and am watching for indications for a short position until Friday 1st June/Monday 4th June. Then I see an increased chance for more upside action.

[brownsfan019]

	Quote:	malvado xetra
	brownsfan, I would like you to give me and explain in more detail spinnings and volume bars relationships with charts please. I dont know too much about these interactions. specially about what you say of the equilibrium market please thanks MX

MX - here's the deal - if you are going to trade and/or make trading plans based on candlesticks, you need to study them first. Your comment here clearly tells me that you probably saw some candlesticks illustrated on the net somewhere and therefore using them is easy...

Here's what I suggest:

1) Buy the book I reviewed here: http://www.traderslaboratory.com/for...tion-1561.html
2) Study it over and over again.
3) Learn what a candle may be 'telling' you vs. just looking for shapes and making your analysis of that.

It's late, I've had a long weekend and I'm not about to teach Candles 101 here. If you are going to use candles in your analysis, you need to learn how they work before even considering using them.

I will leave you with one suggestion - each candle that is printed is in fact 'telling' you a story. It's a story of the bulls vs. the bears. EVERY single candle plainly illustrates the fight between the bulls and the bears and who won that fight, each and every time. Sometimes there is no clear winner... (doji / spinning top).

That may be a bit deeper than you want to take your candle analysis; however, I would suggest you learn about them before even attempting to use them in your trading.