Sunday, September 1, 2013

The Dow Jones - Ichimoku Study - Week: 26 August to 30 August - 2013 - Kijun Sen touch

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

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

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

Bears close the Index below the Kijun Sen last week #2..
Chikou Span even closer to the Price line #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.

Bears hold the Index below the Tenkan Sen and just about manage a cross below the Kijun Sen...

Looking Forward into the next Week:

Bulls need to get index above the Tenkan Sen, to get back the advantage #2.
Bears  keep the advantage staying below the Kijun Sen  #3.
Chikou Span's proximity to Price line important - to be watched for cross or deflection #1.  
Widening gap between the Senkou Span A&B is a concern area for Bears. 

Bears look at keeping their advantage .... Bulls seek to get back above the Tenkan Sen #2.