Monday, March 17, 2014

The Dow Jones - Ichimoku Study - Old High Hold - Week 3 of March 2014.

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

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

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

Bears force dive towards the Tenkan Sen as Old Highs prove slippery to Hold  #W2.

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

Wrap: Index slips near Old Highs #W2.

Looking Forward into this Week:

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

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