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| Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 28 Feb'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from last Week: (click here for previous post)
Bulls edge up above the Tenkan Sen #W2.
Senoku Span A & B gap contracts #W3.
Gap between the Tenkan Sen and Kijun Sen flat and steady #W2.
Wrap: Index edges up #W2.
Looking Forward into this Week:
Senoku Span A & B - gap contracting is good for the bears #W3.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would show direction going forward $W2.
Wrap: Bulls stay strong above the Tenkan Sen - Bears want a bearish cross of the Tenkan Sen and Kijun Sen #W2.
