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Old 11-05-2007, 07:54 AM
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Re: DJIA Candles

Sounds good to me. Now, what I do is wait for the next bar because I'm not aggressive. If the next bar is up then there obviously was buying in that bar. If that strong bar is followed by low volume up bars, though...it's time to really be careful. Low volume on narrow spreads would be deadly to it. As of this writing, ES futs are down 12 bucks so it's looking like waiting for confirmation is good in this case.

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