The Dow Jones - Ichimoku Study - Week: 12 November to 16 November, 2012 - Bears reach the cloud

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

New:
The Chikou Span Cross:  Strong Bullish Signal (cC)  

DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud 

DJI 30 - End of Week Chart - 16 November, 2012

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

Chikou Span #1, makes a Bullish Cross of  the price line - moving above it - as this cross happens when the price is above the Kumo - its a Strong Bullish Signal.

Bulls manage to stay above the Kumo #2.

The Oscillator ticks down #3  Negative divergence is persistent.

Looking Forward into the next Week:

The Chikou Span Cross #1 is a setback for the Bears.

Bulls come back from inside the Kumo to close just above it #2.

Together the above make this a comeback story for the Bulls if they keep above the Kumo.

If a bearish cross of the Kijun Sen and Tenkan Sen #2, happens in the next few weeks, Bears would be back.

BSE Sensex - Ichimoku Study - Week: 12 November to 16 November, 2012. - Bears close in..

                      .....Regulars can skip below and go straight to the chart......

Introduction / Preamble 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 BSE 30 - Week Chart (EOW) marked on chart as per notes below:

The Senoku Span Cross:  Neutral Bullish Signal (Ss)

The Kijun Sen Cross: Neutral Bullish Signal (K)

The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T) 

The Kumo Break-out: Bullish Signal (B)  

The Chikou Span Cross:  Strong Bullish Signal (Cc)  

New:

The Tenkan Sen Cross:  Weak Bearish Signal (Te)

BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:

The BSE  Sensex 30 - End of Week Chart - 16 November, 2012

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

The Chikou Span kissing distance away from the Kumo, ready to cross or deflect #1.

Oscillator ticks down #3

Tenkan Sen #2 makes a Bearish Cross of the Price as studied last week.

Flat Kumo effect on, for few more weeks.

Looking forward into the next Week:

Staying above the Kumo #2 - advantage is with the Bulls.

Action of the Chikou Span #1 near the Kumo is important next week.

Bulls would need to move above the Tenkan Sen #2 to get back lost momentum.