DecisionPoint

DP Bulletin #1: Dow Bearish with PMO SELL Signal and STTM Neutral Signal

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Clearly I spoke too soon about having no DP Scoreboard signal changes this week. Today the Dow triggered both a PMO SELL signal and a Short-Term Trend Model Neutral signal. 



I'd prepare for some whipsaw. I've annotated a very small double-top that executed with Tuesday's decline. It also fulfilled the pattern, dropping the height of the pattern. I suspect this support will hold and whipsaw both signals back to "Buys". If I'm wrong, I still believe the 200-EMA will hold.


Technical Analysis is a windsock, not a crystal ball.

Happy Charting!
- Erin


Helpful DecisionPoint Links:

Erin's PMO Scan

DecisionPoint Shared ChartList and DecisionPoint Chart Gallery

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking


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Erin Swenlin
About the author: helped create and manage the DecisionPoint.com website alongside her father, Carl Swenlin. Together, Erin and Carl launched the DecisionPoint daily blog in 2009. She hosts the MarketWatchers LIVE web show at StockCharts.com, and is also a Member of the CMT Association. Learn More
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