Will the Lows Hold?

11/04/2008 9:19 am EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart

The stock market was quiet Monday, but don't expect this to last. The McClellan oscillator formed a positive divergence last week, which is consistent with the formation of a short-term bottom. Overbought near term, but even marginal new lows would not change the bottoming formations.

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