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A/D Line Still Intact

The advance/decline line has not cracked yet (click chart to enlarge):

A-D Line - 10--28-09

But that doesn’t mean that the bulls shouldn’t be praying to the breadth gods tonight.

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This entry was posted on Wednesday, October 28th, 2009 at 9:56 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

4 Responses to “A/D Line Still Intact”

  1. George says:
    October 28, 2009 at 9:59 pm

    Here is the weekly SPY chart again. This time I have added a lower trendline.

    This puppy is going to break one way or the other soon.

    http://www.freestockcharts.com?emailChartID=c282aabd-affd-49b4-91a2-ca79268cece0

  2. George says:
    October 28, 2009 at 10:02 pm

    I meant to add this comment to the weekly SPY chart. I don’t see any real tough resistance until the 61.8 Fib area. Then again, there have been so many Market Myth Muffs this year, I wouldn’t discount anything.

  3. K says:
    October 28, 2009 at 10:53 pm

    daily is finally broken George, Weekly isnt but it’ll need another bounce. :D

    TED up 7.30% today. still continuing within the ascending channel

  4. K says:
    October 28, 2009 at 11:12 pm

    http://lh3.ggpht.com/_APmrYvpA45s/Suj-cPeWD_I/AAAAAAAAFNc/QLWM5YvX5d8/s1600-h/USO30min2.png