DP Bulletin #2: OEX Adds IT Trend Model BUY Signal


Another Intermediate-Term Trend Model BUY signal arrived on the OEX Scoreboard. The Dow is very close to the same signal. For more information, I refer you to yesterday's article about the SPX IT Trend Model BUY signal. My analysis remains the same as yesterday. The outlook is improving a great deal for the markets, yet a day like today reminds us that weakness remains a problem.

The declining tops trendline is holding up after price broke out above it. Strong support should be available at the early March bottom since it also will likely coincide with declining tops line support. 

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

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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
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