Will Stocks Decline Further?

10/21/2009 10:19 am EST


Thomas Aspray

, Professional Trader & Analyst

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Mixed economic numbers and profit taking pushed stocks lower on Tuesday. The A/D line did make new highs this week, however, confirming prices. The McClellan oscillator has dropped back below zero and is likely to decline to oversold levels at -200. Only strongly positive A/D numbers on Wednesday could move the oscillator back above zero.

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