Sunday, November 11, 2012

The Dow Jones - Ichimoku Study - Week: 05 November to 09 November, 2012 - Bears Push it..





                              .....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

The Flat Kumo: Bearish Signal (Ko)
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish  Signal (T)
Tenkan Sen Cross:  Weak Bearish Signal (Te)
The Chikou Span Cross:  Weak Bearish Signal (cC)  

New:
The Kijun sen cross:  Weak Bearish Signal (K)






DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud 
DJI 30 - End of Week Chart - 09 November, 2012




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

Chikou Span #1, makes a Bearish Conitnuation relative to the price line - staying below it.
Price falls below the MVWAP 34 and the Kijun Sen #2.
The Kijun Sen Cross is termed a Weak Signal as its a Bearish Cross happening above the Kumo. 
The Oscillator ticks down #3  Negative divergence is persistent.




Looking Forward into the next Week:

The Kijun Sen (blue) Cross #2 is a blow for the Bulls.
Bulls under pressure - need to stay above the Kumo #2.
The Chikou Span's action #1, important - for Bearish Continuation below price or Bullish pull up above price.