BSE Sensex - Ichimoku Study - Week: 06 August to 10 August, 2012 - Breakout..

                           .....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.

Previous Signals seen on BSE 30 - Week Chart (EOW) as shown on chart below:

The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)

The Tenkan Sen Cross:  Weak  Bullish   Signal (Te)

The Chikou Span Cross:  Neutral  Bearish Signal (Cc)

The Senoku Span Cross:  Neutral  Bullish  Signal (Ss)

The Kijun Sen Cross: Neutral  Bullish Signal (K)

The Kumo Break-out:   Bullish Signal (B)

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

The BSE  Sensex 30 - End of Week Chart - 10 Aug, 2012.

Learning from the Past Week: (click here for the post)

Flat Kumo helped the Bulls - we have another Bullish Kumo Breakout.
Index remains with Bulls - above the Kijun Sen and Tenkan Sen.

Looking forward into the next Week:

A Bullish Chikou Cross is in the works.

The Bullish Tenkan Sen - Kijun Sen cross is on next week.
The flat Kumo's gravity will now seek to pull the index down - countering the breakout momentum.