The Dow Jones - Ichimoku Study - Week: 25 June to 29June, 2012 - Bulls hold the Cross

.....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

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:

http://www.freestockcharts.com/

http://www.kumotrader.com/ichimoku_wiki/index.php?title=Main_Page

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:  Strong Bullish Signal (Te)

          DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   

DJI 30 - End of Week Chart - 29 June, 2012

Learning from the Past Week:
We suggested that, keeping above the MVWAP 34, may help the Bulls keep their turf for some more time. 
This has happened with the Bulls moving up nicely, with a Bullish Kijun Sen Cross.
The expected, Bearish Kijun Sen - Tenkan Sen cross is yet to happen - the lines are Exactly even now.

Looking forward into the next week:

Kijun Sen and Tenkan Sen read exactly the same for two weeks running.

While a deflection would be a possibility - the greater probability favors a Bearish cross.. when it happens.