Monday, December 30, 2013

The Dow Jones - Ichimoku Study - ATH again - Week 1 of January 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 27 Dec'13

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

Learning from last Week: (click here for previous post)

Bulls get another new ATH #W2.
Senoku Span A & B widen and head up #W3.
Gap between the Tenkan Sen and Kijun Sen steadies #W2.

Wrap: Bulls rise from Tenkan Sen to another ATH, last week #W2.

Looking Forward into this Week:

Chikou Span thrusts away from Price line #W1.
Gap between the Tenkan Sen and Kijun Sen wide, giving the Bulls some relief #W2.
Critical for Bulls to stay above support at Tenkan Sen #W2.

Wrap: Bulls look to keep momentum and make new ATHs while Bears pray the Tenkan Sen cracks #W2.