Saturday, June 2, 2012

The Dow Jones - Ichimoku Study - Week: 28 May to 01 June, 2012 - Kijun Folds..

 .....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 5 Signals seen on DJI 30 - Week Chart (EOW) as on chart below:

1. Chikou Span Cross: Strong Bullish Signal (C)
2. Tenkan Sen/Kijun Sen Cross: Neutral Bullish Signal (T)
3. Kumo Breakout: Bullish Signal (B)
4. The Flat Kumo: Bearish Signal (Ko)
5Tenkan Sen Cross: Weak Bearish Signal (Te)
6. The Kijun sen cross: Weak  Bearish  Signal (K)

DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   
DJI 30 - End of Week Chart - 25 May 2012  

Index Fell below the Blue Kijun Sen last week - after an aborted attempt at the red Tenkan Sen.
The 'B' shown by the arrow is the Chikou Span - its at the price line - Bearish Cross soon?
The 'C' shows last week's Kijun Sen cross - Bearish and resistance offered by the MVWAP 34.
Oscillator is ticking down.

Gravitational Pull of the Flat Kumo has pulled the Index down so far - Flat Kumo ends soon.
Bulls need to move the index up fast - else we see a Bearish Cross of the Kijun Sen and Tenkan Sen soon.
Watch out for that cross (red line and blue line), during the next week.