Monday, February 17, 2014

The Dow Jones - Ichimoku Study - Kijun Sen rewards - Week 3 of February 2014.

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

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

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

Bulls closing above the Kijun Sen for the previous two weeks - get rewarded, with a take off above the Tenkan Sen #W2.,
Senoku Span A & B steady #W3.
Gap between the Tenkan Sen and Kijun Sen steady #W2.

Wrap: Bulls use support at the Kijun Sen and take off #W2.

Looking Forward into this Week:

Senoku Span A & B flattening as also Tenkan Sen & Kijun Sen indicates 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.