Will Support Hold?

10/22/2009 9:51 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

chart
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The last-hour downside reversal was a sign of weakness that we have not seen for quite a while as the A/D numbers went from 2-1 positive to 2-1 negative. The McClellan oscillator has gone back below zero and it is likely to reach -200. The long-term uptrend (dashed line) is at 2120 with further support at 2050-75.

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