Short-Term Momentum Oversold

06/25/2009 1:43 pm EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

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The DIA is higher mid-day Thursday (6/25) as so far the support in the $82.50 area seems to be holding. A higher daily close will cause the RSI3, a short-term momentum indicator, to turn up from oversold levels. This would be a short-term positive, as would a move above the resistance at $86.20.

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