Saturday, June 16, 2012

The Dow Jones - Ichimoku Study - Week: 11 June to 15 June, 2012 - Freed from Flat Kumo effect..

.....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

Quick Reference : 
Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.

Useful resources (free) from the Web:

Previous Signals seen on DJI 30 - Week Chart (EOW) as marked on chart below:

Kumo Breakout: Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
Tenkan Sen Cross: Weak Bearish Signal (Te)
The Kijun sen cross: Weak  Bearish  Signal (K)
The Kijun sen cross:  Strong Bullish Signal (K)
Tenkan Sen Cross: Weak Bearish Signal (Te)

         DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   
DJI 30 - End of Week Chart - 08 June, 2012

Learning from the Past Week:
As anticipated in our weekend study - the Index pulled out of the downward spiral (click).
Freed from the gravitational pull of the Flat Kumo (click) - it has moved up into Bull zone.
The cross of the Tenkan Sen is seen as a precursor to trend change. 1

The Oscillator continues to tick down. 2

Looking Forward into the next week:
Keeping above the Tenkan Sen the Index would aim for recent Highs.