Extreme A/D Reading

10/08/2008 9:46 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

The NYSE A/D numbers over the past two days have been some of the most extreme in the past 20 years. The chart shows that the McClellan Oscillator has dropped towards the July 2007 lows. It is oversold, but it would need several days of very positive A/D numbers to signal more than an oversold rally.

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