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| NDX100 Daily Close @ 05/14/2012 |
For all the drama in Greece & JPM machinations, the lows in the NDX100 are still in place (barely), so too the German DAX, whilst the S&P500 & NYSE plumb new lows.
The 'Non-Confirmation' by the high Beta indices in the NDX & DAX is a warning for the bears not to get too carried away @ this moment in time.
Below the lows and they can then probably 'party'.
The NDX100 also resides above its 38% retrace, placing it still in 'bullish' mode............
