NASDAQ A/D Line Weakens

10/28/2009 9:41 am EST


Thomas Aspray

, Professional Trader & Analyst

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The NASDAQ has been hit by heavier selling over the past few days as it was down three times more than the S&P 500 on Tuesday. The A/D line just made marginal new highs with prices and has now decisively broken the uptrend from the March lows. It is now at support and the action suggests that a short-term top is in place.

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