Daily Reversals: Do they matter in this Liquidity Rally?

S&P100 ($OEX) Daily Chart @ Close 09/08/2014

This aged Rally has been punctuated by Daily Reversals; some have mattered (early April) & some not (late June).
Will the one witnessed last Thursday?
Time will tell.

Big Cap Rally @ New Record Highs; why NOT the Russell 2000 et al......?

Russell 2000 ($RUT) Daily Chart @ Close 08/25/2014

The headline grabbing DOW & S&P500 may be leading the 'charge' higher on Central Bank 'largesse' globally; a peek below the 'hood' of THAT which employs more people than the Big Cap stocks........and it's NOT so bright a story.
Losses since July yet to be retraced beyond 62% & THAT leaves the health/ sustainability of the S&P500's advance rather questionable?

Friday's Outside Down Day IGNORED globally; it would seem.................

S&P500 Daily Chart @ Close 08/19/2014

An 'ouch' @ above 1965 on the 1945/55 Short Trade Stop/ Loss being triggered.
That said; a cursory glance of the chart should notice that previous 'false' signals on this seemingly 'never ending' rally have eventually been retraced (& then some most recently after the mid- July 'signal').
So; the moral would appear to be to NOT be tempted to re- engage the Long side until another opportunity affords itself below 1940?

A 'by the book' Correction so far for the S&P500.

S&P500 Daily Chart @ Close Friday August 15.

So far so good for the Corrective Price Action; the initial Shorts circa 1970 now reset @ 1955 post the 1905 Profit/ take.
Friday's OUTSIDE Down Day in not only the S&P500; but many another index says the downside again should be under pressure come next weeks trade.

Murder on the Orient Express................DAX the culprit!

German DAX: Daily Chart @ Close 08/01/2014

The 1st clue is usually the most important yet quickly forgotten or overlooked.
Germany's DAX scored that 'pesky' Outside Down Day fully 6 Friday's ago (see chart highlight); NEVER to be breached.
That KEY REVERSAL Day was indeed the 1st Clue in the Market Mystery Thriller for fingering the 'killer' of the seemingly never ending 2014 Rally.
Where the DAX goes; can global indices be far behind?