Monday, March 24, 2014

The Dow Jones - Ichimoku Study - ATH stand-off - Week 4 of March 2014.

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

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

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

Bulls and Bears stand-off near ATH #W2.

Senoku Span A & B gap flat and steady #W3.
Gap between the Tenkan Sen and Kijun Sen also flat and steady #W2.
At present height, the Chikou span seen running into the Price Line #W1.

Wrap: Index on pause near ATH #W2.

Looking Forward into this Week:

Senoku Span A & B gap - holding steady or increasing is good for Bulls for now #W3.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would show direction going forward before Price line gets too close to the Kumo $W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.

Wrap: Bulls want the Tenkan Sen and Kijun Sen staying apart #W2, Bears wish for a Senoku Span Cross #W3.