Summation Index Still Positive
08/19/2009 10:54 am EST
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.