Summation Negative, but Diverging

03/05/2009 10:00 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart

The Summation Index dropped below its EMA on January 23 and is still below it and declining. The Index formed a positive divergence at the November lows and is still well above those lows. It will take multiple days of positive A/D numbers to turn it higher. Note the move through major resistance in 2003 near the lows.

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