Saturday, July 20, 2013

The Dow Jones - Ichimoku Study - Week: 15 July to 19 July - 2013 - Bulls make it another 'All time High'

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 19 July'13

Introduction / Primer to Ichimoku can be read at this link (click). 

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

Bulls make a new 'All Time High', post retake of the Tenkan Sen last week..  #2..
Chikou Span ticks up to its Highest level too #1.
Gap between the Tenkan Sen and Kijun Sen Narrows further #2.

Bulls make new 'All Time High' after getting back above the Tenkan Sen ...

Looking Forward into the next Week:

Bears need to get index below Tenkan Sen, to get back some advantage #2.
Narrowing Gap between the Tenkan Sen and Kijun Sen a concern for Bulls #1.
Bulls have crossed the previous All Time High, thus keeping up the momentum #2.

Bears eye life below the Tenkan Sen #2 .... Bulls seek more New Highs.