NASDAQ A/D at Support

09/02/2009 9:21 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart
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On Tuesday's sharp decline, the A/D numbers were very weak and the NASDAQ A/D line is now close to its uptrend and the August lows. It did confirm the recent highs. Chart support is now at 1930, which, if broken, will signal a drop at least to the 23.6% support at 1880. The more important 38.2% support lies at 1760.

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