.....Regulars can skip below and go straight to the chart......
Quick Reference :
Chikou Span - pink line,
Kijun Sen - blue line,
Senkou Span A - black line,
Senkou Span B - grey line,
Kumo - grey shaded area,
Tenkan Sen - red line.
Useful resources (free) from the Web:
Previous Signals seen on DJI 30 - Week Chart (EOW) as marked on chart below:
Kumo Breakout: Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
Tenkan Sen Cross: Weak Bearish Signal (Te)
The Kijun sen cross: Weak Bearish Signal (K)
The Kijun sen cross: Strong Bullish Signal (K)
Tenkan Sen Cross: Weak Bearish Signal (Te)
DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
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| DJI 30 - End of Week Chart - 08 June, 2012 |
Learning from the Past Week:
As anticipated in our weekend study - the Index pulled out of the downward spiral (click).
Freed from the gravitational pull of the Flat Kumo (click) - it has moved up into Bull zone.
The cross of the Tenkan Sen is seen as a precursor to trend change. 1
The Oscillator continues to tick down. 2
Looking Forward into the next week:
Keeping above the Tenkan Sen the Index would aim for recent Highs.
