The Dow Jones - Ichimoku Study - Week: 30 July to 03 August, 2012 - Bears plan a coup..

                                .....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)

The Kijun sen cross: Weak  Bearish  Signal (K)

The Kijun sen cross:  Strong Bullish Signal (K)

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

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

DJI 30 - End of Week Chart - 03 August, 2012 

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

A Pullback week - sees the Index get back to a new high.
MVWAP again provides the support.
Oscillator continues to tick up.

Looking Forward into the next Week:

Bears have flattened the Tenkan Sen - making its Bullish cross above the Kijun Sen, a little tougher.
A steeper rate of climb from the Bulls would correct this.
One also should watch the action of the Chikou Span in the coming week - for a dip towards the price line.

The preposterous quantum of divergence, developing on the Oscillator - is a concern, for the Bulls.