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DP Bulletin: Dow Industrials ($INDU) Generate Weekly PMO BUY Signal

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Today the weekly PMO for the Dow Jones Industrial Average ($INDU) crossed up through its signal line and generated a weekly PMO BUY signal.


We can see on the weekly chart that the PMO has been running flat well above the zero line since April, which indicates that price has been moving up at a steady pace.

Check the DP Weekly Wrap for a recap of the week's market action.

Happy Charting!
- Carl


Technical Analysis is a windsock, not a crystal ball.

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Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

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

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Carl Swenlin
About the author: is a veteran technical analyst who has been actively engaged in market analysis since 1981. A pioneer in the creation of online technical resources, he was president and founder of DecisionPoint.com, one of the premier market timing and technical analysis websites on the web. DecisionPoint specializes in stock market indicators and charting. Since DecisionPoint merged with StockCharts.com in 2013, Carl has served a consulting technical analyst and blog contributor. Learn More
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