Monday, December 23, 2013

The Dow Jones - Ichimoku Study - Hanging with the Stars - Week 4 of December 2013.

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 20 Dec'13

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

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

Bulls get a new ATH after the 'shooting star' week hangs, and the consequent red candles #W2.
Senoku Span A & B widen #W3.
Gap between the Tenkan Sen and Kijun Sen opens wide #W2.

Wrap: Bulls rise from Tenkan Sen to another ATH #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 'Hang' with the stars while Bears pray the Tenkan Sen cracks #W2.