Sold Out?

10/29/2008 9:09 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart

The NYSE A/D numbers were very strong yesterday (4:1), and the McClellan oscillator shows a strong positive divergence. This is a formation that historically has signaled a tradable low, but we need to see some upside follow through over the next few days to confirm. Be sure to watch the A/D numbers daily.

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