.....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.
Recent Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below
The Chikou Span Cross: Strong Bullish Signal (cC)The Kijun sen cross: Strong Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T)
Tenkan Sen Cross: Bullish Signal (Te)
|Dow 30 - End of Week Chart (EOW) - Using 12 months Span - as on 05 July'13|
Learning from the Past Week: (click here for that post)
Bulls retake the Tenkan Sen .. #2..
The Oscillator #3 ticks down.
Chikou Span ticks up #1.
Gap between the Tenkan Sen and Kijun Sen Narrows #2.
Bulls back above the Tenkan Sen ...
Looking Forward into the next Week:
Bears need to get back the lost advantage - get index below Tenkan Sen #2.
Gap between the Tenkan Sen and Kijun Sen to be watched #1.
Bulls need to get the momentum back - oscillator ticking up again #3.
Bears eye life below the Tenkan Sen #2 .... Bulls seek momentum.