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


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)


SCTR Ranking

**Don't miss DecisionPoint Commentary! Add your email below to be notified of new updates"**


Erin Swenlin
About the author: helped create and manage the 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, and is also a Member of the CMT Association. Learn More
Subscribe to DecisionPoint to be notified whenever a new post is added to this blog!
comments powered by Disqus