Sunday, December 16, 2012

The Dow Jones - Ichimoku Study - 10 December to 14 December, 2012 - On the Range

                             .....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 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)  

The Tenkan Sen/Kijun Sen Cross:  Weak Bearish  Signal (T)

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.