Sunday, June 23, 2013

The Dow Jones - Ichimoku Study - Week: 17 June to 21 June: 2013 - Bears Nose in

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

Tenkan Sen Cross:  Weak Bearish Signal (Te)

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 21 May'13

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

Bears Crash below the Tenkan Sen ..  #2..
The Oscillator #3 ticks down.
Bulls close celebrations with 26 weeks spent above the Tenkan Sen #2 after bouncing of the Kumo #1.

Bears edge in ...

Looking Forward into the next Week:

Bears need to hold the index below the Tenkan Sen #2.
Oscillator remaining below the High line, important for Bears #3.
Bulls would look at getting back the advantage - rising above the Tenkan Sen #2.

Bears eye the distant Kijun Sen #2 .... Bulls remain under pressure.