Market Internals Point Higher

10/15/2009 9:40 am EST


Thomas Aspray

, Professional Trader & Analyst

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Sharply higher prices Wednesday were confirmed by the market internals as the A/D lines for both the NYSE and NASDAQ made new highs. The NASDAQ A/D is still lagging even though it has overcome the 50% resistance, while the NYSE is still below the 50% level. I would expect to see a divergence before a top is complete.

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