A/D Lines Still Lagging
11/24/2009 10:01 am EST
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.