A/D Lines Confirming

08/27/2009 9:25 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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Even though the NYSE and NASDAQ have not rallied further after last week's breakout, the A/D lines on both did make new highs last week. It may be important that the NASDAQ A/D line just made marginal new highs. Without any divergences, a trading top is likely not in place, but a correction is possible.

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