Db's DailyDispatch: 060204

If this is going to be a regular thing, let's avoid the dreaded thread bloat and start fresh with each episode.

Yep. Anyone who doesn't know what you're talking about can refer to the chart I posted yesterday in my journal.

 

So far I haven't found a better indication of direction than bozos. Anyone who's trying to develop a retracement/continuation tactic would do well to give them a look-see.

 

I love these old movies where "undercover" cops wear suits and ties while they're on a stakeout at the beach.

 

NQ seems to be taking its S cues off the ES.

 

not much demand here (1121)

 

Not much anything. But this is half the ADR, which is a typical stall level.

 

sorry for what's probably a dumb question. but what's a bozo? if one occurred this am could you just tell me what time so I can see an example.

Thanks..

 

A marubozu. See my thread, below. Or go to someplace like litwick.com.

 

thanks. I know what a marubozu is, just didn't catch the lingo.

 

possible TOB on the ES