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Saturday, September 28, 2013

The Dow Jones - Ichimoku Study - Bears nudge the Tenkan Sen :- Week: 23 September to 27 September, 2013.



Dow 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 27 Sept'13



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



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

Bears get a red week #2.
Chikou Span strays near the Price line #1.
Gap between the Tenkan Sen and Kijun Sen narrow but steady #2.


Bears get some room.. 




Looking Forward into the next Week:

Bulls keep index above the Tenkan Sen, and retain advantage #2.
Chikou Span's distance to Price line important - to be watched for cross or deflection #1.  
Widening gap between the Senkou Span A&B is a concern for Bears #3. 
Narrowing gap between the Tenkan Sen and Kijun Sen should worry the Bulls #2.


Bulls seek to remain above the Tenkan Sen while Bears pray the Tenkan Sen slips below the Kijun Sen #2.

 



BSE Sensex - Ichimoku Study - The Bear Line Up 2 :- Week: 23 September to 27 September, 2013.



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 27 Sept'13



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



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

The Senkou Span A&B stay met, Tenkan Sen and Kijun Sen also stay met and they all read 19094.20 - a rare sight, second week in a row #5.
'Bear Line up has given the Bears a red week #2.



Bears hold on to their last line #5..




Looking Forward into the next Week:

The Senkou Span B crossing above the Senkou Span A #4 or the Tenkan Sen above the Kijun Sen #3 would give the Bulls the Medium Term Screen completely.
Bears manage to hold their border with this line up $5, for the second week now.
Chikou Span remains close enough to Price Line - deflection or cross a couple of weeks away #1.


Bears desperate to hold their line #5 - Bulls seek to complete the kill #3 & #4.