|Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 07 Mar'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 to near Old Highs #W2.
Senoku Span A & B gap contracts drastically #W3.
Gap between the Tenkan Sen and Kijun Sen flat and steady #W2.
Wrap: Index nears Old Highs #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.
Bulls benefit if the Chikou span makes new Highs #W1.
Wrap: Bulls want the Tenkan Sen and Kijun Sen staying apart #W2, Bears wish for a Senoku Span Cross #W3.