Monday, April 27, 2009

04.27.09 - Still Inside Multiday Range

We recovered nicely off of the five day moving average for the nth time. However, the market encountered some resistance near Friday's late session trade, and has pulled back to the Volume Weighted Average Price. Note that Down volume has been outpacing Up Volume for most of the day in spite of the early a.m. recovery and the Advance Decline line has now turned over as well.

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