TO READ THIS WEEK's POST CLICK HERE...

Saturday, August 10, 2013

The Dow Jones - Ichimoku Study - Week: 05 August to 09 August - 2013 - Bears edge down


Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 09 Aug'13



Introduction / Primer to Ichimoku can be read at this link (click). 



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

Bears hold the Bulls - and edge down #2..
Chikou Span also dips from its all time High #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.


Bears try to visit he Tenkan Sen by edging down last week ...




Looking Forward into the next Week:

Bears need to get index below Tenkan Sen, to get back some advantage #2.
Narrow Gap between the Tenkan Sen and Kijun Sen a concern for Bulls and gives relief to Bears last week #3.
Chikou Span's proximity to Price line important - to be watched #1.   


Bears eye life below the Tenkan Sen #2 .... Bulls hope to get back to making New Highs.



BSE Sensex - Ichimoku Study - Week: 05 August to 08 August - 2013 - Bears slip into Kumo..



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 08 Aug'13



Introduction / Primer to Ichimoku, can be read at this link (click). 



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

Flat Kumo #3 rewards the Bears for the third week.
Gap between the Tenkan Sen & Kijun Sen narrow but steady #2.
Index slips deeper into the Kumo after Kijun Sen resists it last week #2.
Chikou Span slips further below the price line #1.


Bears use Gravity produced by the Flat Senkou Span B #3 to pull Index down as studied 4 weeks ago.




Looking Forward into the next Week:

Chikou Span moving down parallel to price line and in close enough proximity to Bullishly break into it #1.
Gap between the Tenkan Sen - Kijun Sen narrow but steady - Bearish Cross or Bullish Deflection possible #2.
Flat Senoku Span B may continue to attract the Index towards it. #3.


Bulls look to get out of the Kumo - Bears remain attracted to the Flat Senoku Span B - #3 ...