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Saturday, July 28, 2012

The Dow Jones - Ichimoku Study - Week: 23 July to 27 July, 2012 - Bulls Comeback



                                .....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)
The Kijun sen cross: Weak  Bearish  Signal (K)
The Kijun sen cross:  Strong Bullish Signal (K)
Tenkan Sen Cross:  Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)





DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud: 
DJI 30 - End of Week Chart - 27 July, 2012 




Learning from the Past Week: (Click)
Another repeat performance from the Bulls - defying the last Bearish Signal - took support on the MVWAP 34 and the Kijun Seen.
Chikou Span (pink line) produced a deflection with the price line - helping the Bulls comeback, in what was one of the widest ranges among recent weeks.



Looking Forward into the next Week:
A take off from here would justify the Bulls resilience of recent times.
This would also produce the Green 'T' signal on the chart, as discussed week before.
Next week, Bears have a last chance of moving down on the last bearish 'T' we saw on the chart.







BSE Sensex - Ichimoku Study - Week: 23 July to 27 July, 2012 - Bulls stretched out..



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





BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
The BSE  Sensex 30 - End of Week Chart - 27  July, 2012


Learning from the Past Week: (Click)
Bears got their Bearish,Kijun Sen Cross & Bearish Chikou Span Cross last week.
The Senkou Span Cross gave the Bulls some respite as it also came in last week.
MVWAP 34 was breached by the bears.
The Tenkan Sen was held by the Bulls.



Looking forward into the next Week:
Keeping above the Tenkan Sen Bulls would look at taking back lost ground.
The flat Kumo helps the Bulls.
Bears would need to keep it below the the MVWAP 34, to keep their turf.