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Saturday, August 17, 2013

The Dow Jones - Ichimoku Study - Week: 12 August to 16 August - 2013 - Bears at Tenkan Sen



Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 16 Aug'13




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



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

Bears after edging down last week - make a decent fall #2..
Chikou Span heads for the Price line #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.


Bears manage to  visit the Tenkan Sen with a decent show last week...




Looking Forward into the next Week:

Bulls need to get index above the Tenkan Sen, to get back the advantage #2.
Bear ability to get below the Kijun Sen determines their keeping the advantage  #3.
Chikou Span's proximity to Price line important - to be watched #1.   


Bears look at building on their advantage .... Bulls look to get back above the Tenkan Sen #2.




BSE Sensex - Ichimoku Study - Week: 12 August to 16 August - 2013 - Bears keep it in the Kumo..



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 16 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 fourth week.
Gap between the Tenkan Sen & Kijun Sen narrow but steady #2.
Index stays in the Kumo after Kijun Sen and Tenkan Sen resists it last week #2.
Chikou Span slips further down- parallel to the price line #1.


Bears use Gravitational Pull produced by the Flat Senkou Span B #3 to pull Index down as studied 5 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 ...