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Saturday, September 28, 2013

The Dow Jones - Ichimoku Study - Bears nudge the Tenkan Sen :- Week: 23 September to 27 September, 2013.



Dow 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 27 Sept'13



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



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

Bears get a red week #2.
Chikou Span strays near the Price line #1.
Gap between the Tenkan Sen and Kijun Sen narrow but steady #2.


Bears get some room.. 




Looking Forward into the next Week:

Bulls keep index above the Tenkan Sen, and retain advantage #2.
Chikou Span's distance to Price line important - to be watched for cross or deflection #1.  
Widening gap between the Senkou Span A&B is a concern for Bears #3. 
Narrowing gap between the Tenkan Sen and Kijun Sen should worry the Bulls #2.


Bulls seek to remain above the Tenkan Sen while Bears pray the Tenkan Sen slips below the Kijun Sen #2.