The market dropped early today and then rose in a strong reversal day to the upside. The market still finished in the red - but a small set back to the bears. Shorters must be feeling a little nervous.
The Advance/Decline Ratio is at an oversold level and kicked up a little today but not enough to provide the bears with nervous tics.
The Advance/Decline Line is still above the Oct 09 high - this is a bullish sign. Breadth is not confirming the drop in the general market. Usually a drop in breadth precedes a major change in trend in the market.
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