.....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 Kumo Breakout: Strong Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Chikou Span Cross: Strong Bullish Signal (cC)
The Kijun sen cross: Strong Bullish Signal (K) Tenkan Sen Cross: Strong Bullish Signal (Te)
New:
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)
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| Dow 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 14 December, 2012 |
Learning from the Past Week: (click here for the post)
Bearish - 'Kijun Sen (blue line) - Tenkan Sen' (red line) Cross happens as anticipated, its a weak signal as it occurs when the price is above the Kumo #1.
The Oscillator ticks up while still in the negative #2.
Looking Forward into the next Week:
A Senoku Span Cross - if it happens from this position - is bad news for the Bulls.
Bears get their Bearish Kijun Sen - Tenkan Sen Cross #1 - and life inside the Kumo beckons.
Bulls keep the index above the MVWAP 34, Tekan Sen (red line) and the Kijun Sen (blue line) #1.
Above two should produce some Ranging.
The Blue Line (Kijun Sen) and Red Line (Tenkan Sen) Crossing last week, could result in some Consolidation.
