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Old 11-05-2007, 03:39 PM
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This member is the original thread starter. Re: DJIA Candles

Wow, what a day! I seriously considered buying ES around 1500 but since I got really sick over the weekend I knew my head wasn't clear and I didn't want to take the chance. Oh well, it happens.

I know the markets haven't closed, but I want to ask a "what-if" question. On the ES we had a bullish candle on Friday with stronger volume. Today if we were to close right now we would get a hammer with lower volume. How should I go about analyzing that? Would I assume the pros were buying yesterday, then today was a test back to 1500 where buying increased again?

Would I be correct in saying this is a bullish setup?


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