Both the DIA and the SPY

11/14/2008 10:13 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

The charts of both the DIA and the SPY show impressive reversal patterns after yesterday's trading. The SPY made lower lows increasing the positive divergence in the Demand Index. The DIA shows impressive volume but an upside breakout from the recent trading ranges is needed to confirm a low.