Sunday, June 17, 2012

NDX100 not 'playing ball' with this rally.......

NDX100 Daily Close @ 06/15/2012
Relative under- performance for the week as against the S&P500's 1.30% gain @ a 'paltry' +0.47% advance.
More importantly; the highs seen Monday in the large range down day are yet to be bested @ 2579.23.
A Gap- Up Monday would of course negate this, the alternate being a Gap- Down......Binomial Outcome as Greece 'decides' a 2nd time.
50day SMA still in the 'enemy' camp for the bullish prognosticators.