The Dow Jones - Ichimoku Study - Week: 24 Sept to 28 Sept, 2012 - Bears nudge ahead

                               .....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 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:  Strong Bullish Signal (K)

Tenkan Sen Cross:  Strong Bullish Signal (Te)

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

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

DJI 30 - End of Week Chart - 28 Sept, 2012 

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

The Negative divergence kicks in with another red candle - and now a Bearish three inside down(2).

Chikou Span - flattens and dives at the price line (1).

The Oscillator ticks up, -ve divergence is persistent.

Looking Forward into the next Week:
Chikou Span diving below the Price - Bears seek life below MVWAP 34,
Chikou Span staying above the Price - Bulls can look at the 2008 highs next.
The position of the Kijun Sen and Tenkan Sen continues to auger a bearish Cross, unless the Bulls get going.