|Dow 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 04 Oct'13|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bears get another red week - slip a mite below the Kijun Sen #2.
Chikou Span gets nearer to the Price line #1.
Gap between the Tenkan Sen and Kijun Sen narrow but steady #2.
Bears take the advantage..
Looking Forward into the next Week:
Bears slipkeep index below Kijun Sen, and take the 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 need to get back above the Tenkan Sen while Bears pray the Tenkan Sen slips below the Kijun Sen #2.