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Saturday, December 8, 2012

The Dow Jones - Ichimoku Study - 03 December to 07 December, 2012 - Blue Red Bother



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

Introduction 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.



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

The Kumo Breakout: Strong Bullish  Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish  Signal (T)
The Chikou Span Cross:  Strong Bullish Signal (cC)  
The Kijun sen cross:  Strong Bullish Signal (K)  

New:
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 - 07 December, 2012



Learning from the Past Week: (click here for the post)

Range of the last week, the space above the Kumo and below the Tenkan Sen #1, gets broken.
The Bulls get the Chikou Span Cross (Cc), Kijun Sen Cross (K) and now the Tenkan Sen (Te) Cross - three bullish signals, all strong ones.
The Senkou Span convergence, we saw last week, does not progress.
The Oscillator ticks up while still in the negative #2.
Threat of a Bearish - 'Kijun Sen (blue line) - Tenkan Sen' (red line) Cross soon #1.




Looking Forward into the next Week:

Senoku Span Cross - if it happens from this position - is bad news for the Bulls.
Bears look forward to a bearish Kijun Sen - Tenkan Sen Cross - and life inside the Kumo.
Bulls would want to capitalize on the last three Strong Bullish signals - to charge up.




The Blue Line (Kijun Sen) and Red Line (Tenkan Sen) Crossing, could result in some Consolidation - offsetting the recent 3, strong Bullish Signals seen.




BSE Sensex - Ichimoku Study - Week: 03 December to 07 December, 2012. - Bulls Hold Highs




                     .....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.



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

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

Last:
The Tenkan Sen Cross:  Strong Bullish Signal (Te)  





BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
The BSE  Sensex 30 - End of Week Chart - 07 December, 2012




Learning from the Past Week: (click here for the post)

Bulls keep above the Tenkan Sen #1 and move up marginally.
Oscillator ticks up again #2
Flat Kumo effect awaited.
Rate of Climb of the Blue Line (Kijun Sen) - bodes ill for the Bulls - Bearish Cross with the Red Tenkan Sen can be next. 



Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.
Flat Kumo Effect could be on for a few more weeks.
Bulls would need to remain above the Tenkan Sen #2 to keep the momentum on.



Distant Possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross would keep the Bear Hopes going.