|Dow 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 29 Nov'13|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bulls get to new All Time High (ATH) and shoot for the stars #W2.
Senoku Span A & B continue converging #W3.
Gap between the Tenkan Sen and Kijun Sen narrow even as both turn up #W2.
Wrap: Bulls shoot for the Stars and get another ATH.
Looking Forward into the next Week:
Bulls keep index above Kijun Sen, Chikou Span flat #W1.
Narrowing gap between the Senkou Span A&B (Thicker Kumo = stronger resistance) a small consolation for Bears #W3.
Gap between the Tenkan Sen and Kijun Sen narrow - cross helps Bear cause #W2.
Wrap: Bulls look to maintain momentum and stay with the stars while Bears pray the Tenkan Sen slips below the Kijun Sen soon #W2.