No new high still for the laggard DAX...............

German DAX Daily Chart @ Close 07/16/2013

Whilst the S&P500 has done its 'thing' in testing the 1687 Highs (1684); the DAX continues it under- performing ways.
The other High Beta Index: NDX100, has scored a marginal new high (so far); until the DAX does this rally has the hallmarks of a retest/ failure up here & NOT the beginnings of another new leg higher.
Time will tell.