The Dow Jones - Ichimoku Study - Week: 15 October to 19 October, 2012. - Bulls Steady..

                               .....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) marked on chart as per notes 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 - 19 October, 2012.

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

Chikou Span (a) - remains close to the price line.

The Oscillator ticks down, -ve divergence is persistent (c).

Support for index continues on the Tenkan Sen (b) like last week.

Looking Forward into the next Week:

The Chikou Span heading for the Price line (a) needs to be watched - bearish cross or deflection is on the cards.

Bulls again hold the Index on the Tenkan Sen, for the week (b) - take off from here is critical, as cross of this red line, is seen as an early indicator of trend change.