Monday, February 24, 2014

The Dow Jones - Ichimoku Study - Flatten to deceive ? - Week 4 of February 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 21 Feb'14

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

Learning from last Week: (click here for previous post)

Bulls after taking off above the Tenkan Sen consolidate #W2.

Senoku Span A & B flat #W3.
Gap between the Tenkan Sen and Kijun Sen also flatten #W2.

Wrap: Index Consolidates #W2.

Looking Forward into this Week:

Senoku Span A & B flattening as also Tenkan Sen & Kijun Sen continues to indicate indecision #W3.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would show direction going forward $W2.

Wrap: Bulls look to stay above the Tenkan Sen - Bears want a bearish cross of the Tenkan Sen and Kijun Sen #W2.