A/D Line Is Leading Prices Higher

07/20/2009 9:19 am EST


Thomas Aspray

, Professional Trader & Analyst

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The major averages put in an impressive performance last week, but the A/D line was even stronger as it made new highs. This is very bullish and indicates that the highs in the major averages should be overcome soon. The next upside targets for NYSE Composite are in the 6950 area-the 50% resistance level.

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