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Monday, November 10, 2014

The Dow Jones - Ichimoku Study - ATH again - Week 2 of November 2014.



Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 07 Nov'14


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



Learning from the earlier Study: (click here for the post)

Bulls after the kick off from the Kumo, get above the Tenkan Sen and Kijun Sen and go to another new ATH #W2.

Chikou Span deflection off the Price line strengthens the Bull cause #W1.
Tenkan Sen and Kijun Sen still in Touch and rising together #W2.
Senoku Span A & B gap is narrow and rising #W3.


Wrap: Bulls bounce off the Kumo and use the Chikou Span deflection, to make another new ATH #W2.




Looking Forward into this Week:


Bears aim for a journey back to the Kumo #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, is now in progress #W2.
Chikou Span staying above the Price line, is the current Bull ask #W1.
Bearish cross of the Senoku Span A-B is the Bear hope #W3.


Wrap: Bears hope to get back to the Kumo #W2 - Bulls seek a Bullish Deflection of Tenkan Sen & Kijun Sen to the ATHs coming #W1.