.....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)
Tenkan Sen Cross: Strong Bullish Signal (Te) The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)
New:
The Kijun sen cross: Weak Bearish Signal (K)
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| Dow 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 28 December, 2012 |
Learning from the Past Week: (click here for the post)
Bearish Kijun Sen Cross happens as anticipated last week #2.
Bears bring the index below the MVWAP 34 also, reducing the Bull's advantage considerably #2.
Bulls defend the Tenkan Sen #2.
The Oscillator ticks down #4.
Chikou Span close to price line #1.
The Tenkan Sen/ Kijun Sen Cross of last week coupled with the Kijun sen Cross this week - gives the Bears the advantage.
Looking Forward into the next Week:
A Senkou Span Cross #3 - if it happens from this position - is more bad news for the Bulls.
Bulls keep the index above the Tekan Sen#2.
A Bearish Chikou Span Cross at this stage, would catalyze a dive into the Kumo #1.
A Bearish Chikou Span Cross at this stage, would catalyze a dive into the Kumo #1.
Range is between the Kijun Sen and the Kumo #2.
Holding the Tenkan Sen is critical for Bulls - Ranging as above continues.
