More Divergence

12/04/2008 9:55 am EST


Thomas Aspray

, Professional Trader & Analyst


The stock market's ability to rebound Wednesday was encouraging, as the McClellan Summation Index and NYSE new lows both show positive divergence. There were fewer new lows on 11/20 than on 10/10. The Summation Index is also back above its 21 WMA. We need more strength to confirm these signals.

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