The Dow Jones - Ichimoku Study - Week: 01 October to 05 October, 2012 - Bulls get going

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

Introduction 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 - 05 October, 2012.

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

Chikou Span - moves away form the price line (a).

The Oscillator ticks up, -ve divergence is persistent (c).
Support for index (b) is near the Tenkan Sen (red line)

Looking Forward into the next Week:

Staying above the MVWAP 34, the Index sights the 2007 highs next.

The Bull action of last week - sends the faster Tenkan Sen (b) soaring up - supporting the Price line now.
The last 4 candles show consolidation - a break should be in the air - one watches the action near the Tenkan Sen for the week.