Summation Index Still Positive

08/19/2009 10:54 am EST


Thomas Aspray

, Professional Trader & Analyst

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The A/D numbers were strong on Tuesday's rebound. The Summation Index has turned down, but is still above its 34-day EMA. Both the Index and the A/D line made higher highs with the averages suggesting that an intermediate top is not in place. There is support at 930-955 along with the daily uptrend.

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