A/D Line Still Leading Prices

07/31/2009 9:36 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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Though it is a concern that many bearish advisors are finally changing their tune and becoming bullish, the A/D line is still acting strong. The A/D line moved to new rally highs on June 16th, four days before the NYSE Composite moved above its June highs. Until it starts to diverge, the intermediate trend is positive.