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11/6/2009 9:40:00 AM
Stock Rebound Is Impressive

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Stocks were impressive Thursday, which on the back of the Burlington Northern news has turned the market's momentum positive. More positive action is needed to signal a move back the recent highs. We now can identify key support in the A/D line that must hold. If the S&P makes new highs, it may not confirm.
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Tom Aspray, professional trader and analyst, serves as video content editor for MoneyShow.com Video Network. He was originally trained as a biochemist but began using his computer expertise to analyze the financial markets in the early 1980s. Mr. Aspray has written widely on technical analysis and has given over 60 presentations around the world. Many of the technical indicators that Mr. Aspray wrote about in the 1980s, such as the MACD, have since gained worldwide acceptance.

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