Oversold Rally or More?

10/29/2009 2:13 pm EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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The better-than-expected GDP numbers have given the market a boost early Thursday. The market was quite oversold as the McClellan Oscillator on the NASDQ is below the March lows. A higher close on Thursday with positive A/D numbers should at least signal another few days on the upside with key resistance at 2130-50.

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