.....Regulars can skip below and go straight to the chart......
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)
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 level up #2 for the third week in a row..
The Chikou Span #1 flattens - nearer now to the price line.
The Oscillator #3 ticks up - divergence with Price continues.
Bears & Bull are deadlocked again - Advantage still with the 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.
Bears keep a slim advantage and some hope of recrossing the red Tenkan Sen.