The weekly PMO BUY signal was missed by only .02 points last week, but this week it managed to log it. The Dow now remains as the only Scoreboard with a "red arrow" or SELL signal. You'll see on the weekly chart that it is nearing that signal.
Technical Analysis is a windsock, not a crystal ball.
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About the author:Erin Swenlin helped create and manage the DecisionPoint.com website alongside her father, Carl Swenlin.
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She hosts the MarketWatchers LIVE web show at StockCharts.com, and is also a Member of the CMT Association.