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11/3/2009 9:31:00 AM
Market Internals Confirmed Recent Highs

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The uptrends from the March lows on both the NYSE Composite and the S&P 500 have been broken as they have reached next support. The NYSE new highs and A/D line did confirm the recent highs, but could form more serious divergences on further new highs. The A/D line violated its trend line but is now at support.


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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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