 |
| NDX100 Daily Close @ 05/15/2012 |
All gets a bit 'binomial' here; as the lows have been breached for both the NDX100 & German DAX (previous post).
The 38% retrace is 'alive & well'; still supporting the 'it's all OK' thesis. Time spent correcting off the recent highs now commensurate with the long rally without a correction. A small negative loss in the McClellan Oscillator also signals a 'major move' within 4 days....which way is the big Q?
The NYSE Composite is now back to its 200day Simple Moving Average, is that good enough to 'catalyze' a bounce???
