Correction Possible, but No Top Yet

08/12/2009 10:27 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart
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The A/D numbers were quite negative on Tuesday and the NYSE A/D line has turned lower after approaching the upper trading channel. The A/D line recently made significant new highs along with the NYSE Composite. A lack of any divergences indicates any correction will interrupt, but not change, the intermediate trend.

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