.....Regulars can skip below and go straight to the chart......
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) The Kijun sen cross: Weak Bearish Signal (K)
The Chikou Span Cross: Strong Bullish Signal (cC)
The Kijun sen cross: Strong Bullish Signal (K)
DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud
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| DJI 30 - End of Week Chart - 23 November, 2012 |
Learning from the Past Week: (click here for the post)
As expected the Bulls do a comeback from above the Kumo #2
The Kijun Sen Cross #2, is a strong Bullish signal as it occurs above the Kumo.
The Oscillator ticks down to negative #3 Negative divergence is persistent.
Looking Forward into the next Week:
The MVWAP 34 and the Tenkan Sen #2 seem to hold off the Bull comeback.
If a bearish cross of the Kijun Sen and Tenkan Sen #2, happens in the next few weeks, Bears would be back.
Range for now, is the space above the Kumo and below the Tenkan Sen #2.
