Stocks Making New Highs Is Bullish

10/13/2009 9:59 am EST


Thomas Aspray

, Professional Trader & Analyst

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The divergence between prices and the number of stocks making new highs was one of the technical studies that indicated the market was topping in 2007. The number of new highs has been rising steadily since the March lows, peaking in August and September. The number of new highs made it's own new high on Monday, totaling 378.

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