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Saturday, June 30, 2012

The Dow Jones - Ichimoku Study - Week: 25 June to 29June, 2012 - Bulls hold the Cross





.....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:  Strong Bullish Signal (Te)




          DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   
DJI 30 - End of Week Chart - 29 June, 2012






















Learning from the Past Week:
We suggested that, keeping above the MVWAP 34, may help the Bulls keep their turf for some more time. 
This has happened with the Bulls moving up nicely, with a Bullish Kijun Sen Cross.
The expected, Bearish Kijun Sen - Tenkan Sen cross is yet to happen - the lines are Exactly even now.





Looking forward into the next week:
Kijun Sen and Tenkan Sen read exactly the same for two weeks running.

While a deflection would be a possibility - the greater probability favors a Bearish cross.. when it happens.



BSE Sensex - Ichimoku Study - Week: 25 June to 29 June 2012 - Kumo Times




.....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 BSE 30 - Week Chart (EOW) as shown on chart below:

The Kijun Sen Cross: Strong Bearish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)
Chikou Span Cross: Weak  Bullish  Signal (C) 
The Tenkan Sen Cross:  Weak  Bullish   Signal (Te)
The Kijun Sen Cross:  Weak  Bullish  Signal (K)
The Kumo Break-in:  Bullish  Signal (B)



BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud: 
The BSE Sensex 30 - End of Week Chart - 29 June, 2012


Learning from the Past Week: 
As discussed last week (click) we see that the Price stayed inside the Kumo - and that worked for the Bulls.
Coming so close to the Senkou Span B, one looks out for the breakout and the 'Flat Kumo Effect'.




Looking Forward into the next Week:
Senoku Span B is the next resistance and the flat Kumo could deflect prices back.
Bulls keeping it above the MVWAP 34 and Bears holding is below the Flat Kumo, looks like the next scenario.