Market Bottom?

09/22/2008 12:00 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart

Impressive gains improved the technical outlook but there is no confirmation of a major low. The NYSE Composite has resistance at 8400-8500 and then at 8900. The number of new highs rose to the best level in over a year while the number of new lows declined–both positive. The A/D line made new lows last week.

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