Saturday, July 6, 2013

The Dow Jones - Ichimoku Study - Week: 01 July to 05 July: 2013 - Bulls retake Tenkan Sen..

                             .....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.

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

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:  Bullish Signal (Te)  

Dow 30 - End of  Week Chart (EOW) - Using 12 months Span - as on 05 July'13

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

Bulls retake the Tenkan Sen ..  #2..
The Oscillator #3 ticks down.
Chikou Span ticks up #1.
Gap between the Tenkan Sen and Kijun Sen Narrows #2.

Bulls back above the Tenkan Sen ...

Looking Forward into the next Week:

Bears need to get back the lost advantage - get index below Tenkan Sen #2.
Gap between the Tenkan Sen and Kijun Sen to be watched #1.
Bulls need to get the momentum back - oscillator ticking up again #3.

Bears eye life below the Tenkan Sen #2 .... Bulls seek momentum.