|Dow 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 06 Dec'13|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bulls have a red week after 'shooting star' week #W2.
Senoku Span A & B flatten #W3.
Gap between the Tenkan Sen and Kijun Sen narrow even as both flatten #W2.
Wrap: Bulls' shoot for the Stars 'Hangs' below the 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 consolation for Bears #W3.
Gap between the Tenkan Sen and Kijun Sen narrow - cross helps Bear cause #W2.
Wrap: Bulls look to regain momentum and 'Hang' with the stars while Bears pray the Tenkan Sen slips below the Kijun Sen soon #W2.