A/D Indicators Still Positive

04/22/2009 9:13 am EST


Thomas Aspray

, Professional Trader & Analyst


The Summation Index, an intermediate-term A/D indicator, is still rising despite Monday's drop. This suggests that the rally from the March lows is still intact. The blue circles highlight periods when the Summation Index flattened out and then turned lower, which coincided with peaks in the S&P 500.

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