|Dow 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 06 Sept'13|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bulls get a green Week #2.
Bears however close the Index below the Kijun Sen again #2.
Chikou Span moves parallel to the Price line #1.
Gap between the Tenkan Sen and Kijun Sen gets smaller #2.
Bulls see Green after long - but the Bears hold the Index below the Kijun Sen...
Looking Forward into the next Week:
Bulls need to get index above the Tenkan Sen, to get back the advantage #2.
Bears keep the advantage staying below the Kijun Sen #2.
Chikou Span's proximity to Price line important - to be watched for cross or deflection #1.
Widening gap between the Senkou Span A&B is a concern area for Bears #3.
Narrowing gap between the Tenkan Sen and Kijun Sen worries the Bulls #2.
Bulls seek to get back above the Tenkan Sen while bears eye a Bearish Cross of the Tenkan Sen and Kijun Sen #2.