A/D Line Still Leading Prices

10/07/2009 9:19 am EST


Thomas Aspray

, Professional Trader & Analyst

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The NYSE A/D line has confirmed the September 22 highs and risen sharply this week. It is already close to the prior highs and acting stronger than prices. No divergences indicates that the intermediate trend is still positive. The RSI3 has turned up from moderately oversold levels, consistent with the end of the correction.

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