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Saturday, February 16, 2013

The Dow Jones - Ichimoku Study - Week: 11 February to 15 February, 2013 - Stand off..


                             .....Regulars can skip below and go straight to the chart......

Introduction can be read at this link (click). 


Quick Reference : 
Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.



Previous Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below

The Kumo Breakout: Strong Bullish  Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Chikou Span Cross:  Strong Bullish Signal (cC)  
Tenkan Sen Cross:  Strong Bullish Signal (Te)  
The Kijun sen cross:  Strong Bullish Signal (K) 

Last:
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)



Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 15 Feb'13




Learning from the Past Week: (click here for the post)


Bulls and Bears stand off #2, after last week's, Bearish Harami, with a lower close !
The Chikou Span #1 dips again - still way above the price line.
The Oscillator #3 ticks up - divergence with Price continues.


Bears & Bull stand off for this week - Advantage Bears.



Looking Forward into the next Week:

Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
Bearish Divergence apparent on the Oscillator #3.


A lower close last week, has given the Bears hope of recrossing the red Tenkan Sen Line #2.




BSE Sensex - Ichimoku Study - Week: 11 February to 15 February, 2013 - Bears Roll down some more..


                     .....Regulars can skip below and go straight to the chart......


Introduction / Preamble can be read at this link (click). 


Quick Reference : 

Chikou Span - pink line,
Kijun Sen - blue line, 
Senkou Span A - black line, 
Senkou Span B - grey line, 
Kumo - grey shaded area,
Tenkan Sen - red line.




Previous Signals seen on BSE 30 - Week Chart (EOW) marked on chart as per notes below:

The Senoku Span Cross:  Neutral Bullish Signal (Ss)
The Kijun Sen Cross: Neutral Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T) 
The Kumo Break-out: Bullish Signal (B)  
The Chikou Span Cross:  Strong Bullish Signal (Cc)  
The Flat Kumo: Bearish Signal (Ko)

New:
The Tenkan Sen Cross:  Weak Bearish Signal (Te)  



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 15 Feb'13




Learning from the Past Week: (click here for the post)

Bears after taking out the Tenkan Sen, stay down  #2.
Oscillator ticks down and Divergence to Price continues #3.
Chikou Span dives towards the Price line #1


Bears follow up the break of the Tenkan Sen last week, with another red candle, to keep the Medium term Screen.




Looking Forward into the next Week:

Staying above the Kijun Sen - Bulls hold the edge.
Bears see strength, staying below the Tenkan Sen #2.


The now, not so distant possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross continues to be the Bear Hope..