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Monday, January 6, 2014

The Dow Jones - Ichimoku Study - ATH Cross - Week 2 of January 2014.


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.