High Volume Negative

11/17/2008 9:22 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst


Despite the impressive reversal last Thursday, Friday's week close on even heavier volume has pushed the weekly OBV on DIA to new lows. This suggests that last week's lows may not hold. Next downside targets at $74 and then $70. DIA has first resistance at $90, but more importantly in the $95-$97 area.

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