A/D Lines Still Lagging

11/24/2009 10:01 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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The A/D numbers were strong on Monday even though the averages closed below the highs. The NYSE and NASDAQ A/D lines have not moved above the October highs, but the NYSE is quite close to breaking out, while the NASDAQ's A/D is much weaker. A strong price breakout by the major averages would project another 6%-8% on the upside.

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