Summation Index Update

10/08/2009 9:29 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart
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The multiple divergences in the McClellan Summation Index helped identify the March lows. The index has broken the initial uptrend, but is still clearly positive at +2335. Like the A/D line, the summation index did confirm the recent highs and a negative divergence is now needed to give us an early warning signal.

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