Tuesday, August 7, 2012

NDX100 GAP @ 2697 'closed'...DAX still there @ 6981.21

NDX100 Daily Close @ 08/06/2012
DAX Daily Close @ 08/06/2012

Whilst the NDX100 has finally retraced & closed the 2697 GAP; the German DAX is now 'ever so close' to doing just that......after that becomes the interesting development.
Signs of a reversal (high) in both indices ( basis Daily & Weekly Charts) would go a long way in suggesting this particular Rally has ended.