McClellan Oscillator Turns Higher

09/04/2009 10:56 am EST


Thomas Aspray

, Professional Trader & Analyst

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The NASDAQ McClellan Oscillator turned higher Wednesday and rose further after Thursday's positive A/D numbers. It reached moderately oversold levels at -171 on Tuesday. Positive A/D numbers on Friday should signal a move to the +100 area. The key resistance is now at 2035 and Tuesday's early highs.

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