Monday, October 7, 2013

The Dow Jones - Ichimoku Study - Bears touch Kijun Sen :- Week: 30 September to 04 October, 2013.

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.