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Tuesday, July 25, 2017 9:28:57 AM
DP Bulletin: Dow Industrials ($INDU) Trigger PMO SELL Signal
By Erin Heim | July 24, 2017
Today the Dow Industrials ($INDU) lost its recent PMO BUY signal from 7/14 and has logged a PMO SELL signal on the DP Scoreboard. The chart is below.
It looks like a short-term double-top in the thumbnail. Support is holding at 21500, but this recent PMO SELL signal and the OBV setting up negative divergences between price bottoms and OBV bottoms.
Technical Analysis is a windsock, not a crystal ball.
Happy Charting!
- Erin
http://stockcharts.com/articles/decisionpoint/2017/07/dp-bulletin-dow-industrials-indu-trigger-pmo-sell-signal.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Erin Heim | July 24, 2017
Today the Dow Industrials ($INDU) lost its recent PMO BUY signal from 7/14 and has logged a PMO SELL signal on the DP Scoreboard. The chart is below.
It looks like a short-term double-top in the thumbnail. Support is holding at 21500, but this recent PMO SELL signal and the OBV setting up negative divergences between price bottoms and OBV bottoms.
Technical Analysis is a windsock, not a crystal ball.
Happy Charting!
- Erin
http://stockcharts.com/articles/decisionpoint/2017/07/dp-bulletin-dow-industrials-indu-trigger-pmo-sell-signal.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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