Our Dow chart gets 'auto awesome', thank you G+ :)
|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 03 Jan'14|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from last Week: (click here for previous post)
Bulls cross to another new ATH for the new year #W2.
Senoku Span A & B converge a little and head up #W3.
Gap between the Tenkan Sen and Kijun Sen steady #W2.
Wrap: Bulls get a New Year ATH, Bears force a red week #W2.
Looking Forward into this Week:
Convergence of Senoku Span A & B, a concern for Bulls #W3.
Gap between the Tenkan Sen and Kijun Sen wide, giving the Bulls some relief #W2.
Critical for Bulls to stay above current support (Tenkan Sen) #W2.
Wrap: Bulls look to keep momentum and make new ATHs while Bears pray the Tenkan Sen cracks #W2.