Sunday, April 7, 2013

The Dow Jones - Ichimoku Study - Week: 01 April to 05 April, 2013, 2013 - Pause again !

                             .....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 Chikou Span Cross:  Strong Bullish Signal (cC)  
Tenkan Sen Cross:  Strong Bullish Signal (Te)  
The Kijun sen cross:  Strong Bullish Signal (K) 

The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 05 April'13

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

Bulls pause for a week..  #2..
The Chikou Span #1, maintains its distance to the price line.
The Oscillator #3 ticks up - divergence with Price muted.

Advantage continues with the Bulls.

Looking Forward into the next Week:

Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
Bearish Divergence less apparent on the Oscillator #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.

Bears look forward to a reversal and getting below the Tenkan Sen - Bulls seek new highs..