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Saturday, April 20, 2013

The Dow Jones - Ichimoku Study - Week: 15 April to 19 April, 2013, - Best bear week - 2013..



                             .....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 19 April'13





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


Bears have their best week this year ..  #2..
The Oscillator #3 ticks down.
The Tenkan Sen is close..#2 



Advantage still held by the Bulls.





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 less apparent on the Oscillator #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.



Bears look forward to a reversal and getting below the Tenkan Sen - Bulls look for the good time to resume..






BSE Sensex - Ichimoku Study - Week: 15 April to 18 April, 2013 - Repulsed by the Kumo..




                     .....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 Kumo Break-out: Bullish Signal (B)  
The Flat Kumo: Bearish Signal (Ko)
The Kijun Sen Cross: Weak Bearish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T) 

New:
The Chikou Span Cross:  Strong Bullish Signal (Cc)  
The Tenkan Sen Cross:  Bullish Signal (Te)





BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 18 April'13





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

Index gets repulsed by the Kumo  #2.
Oscillator ticks some more into the negative.. #3.
Chikou Span pops above the price line #1.
Bulls get above the Tenkan Sen #2.


Bulls pull back, as they near the Kumo..





Looking Forward into the next Week:

Staying above the Tenkan Sen, should be the next Bull task #2.
Chikou Span getting below price line a must for the Bear run #1.
Kijun Sen next task for Bulls... #1



Next notable resistance for the Bears is the Kumo - Bulls eye the Kijun Sen..