.....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)
And the 'Hot' zone of this week, marked '1'DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:
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| DJI 30 - End of Week Chart - 22 June, 2012 |
Learning from the past week:
Our concluding line of last week's study, was that the Index should stay above the Tenkan Sen (red line) (click)
It did not, and we had a red candle standing on the MVWAP 34.
The Oscillator is around the zero.2
Bulls would worry that we have a close below the Tenkan Sen and Kijun Sen. 1
Added to their woes, is the almost inevitable Bearish Cross of the Kijun Sen and the Tenkan Sen next week. 1
Looking forward into the next week:
Keeping above the MVWAP 34, may help the Bulls keep their turf for some more time.
The expected, Bearish Kijun Sen - Tenkan Sen CROSS - helps Bears consolidate their hold.
