.....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 Kijun sen cross: Strong Bullish Signal (K)
Last:
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T)
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| Dow 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 01 Feb'13 |
Learning from the Past Week: (click here for the post)
Post the Bullish 'Kijun Sen/Tenkan Sen' Cross #2, Bulls get another massive green week.
The Chikou Span #1 rears up, above the price line level.
The Oscillator #3 ticks up - divergence with Price persists.
Bulls again beat previous / last major Highs.
Looking Forward into the next Week:
Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
A serious Bearish Divergence is developing on the Oscillator #3.
As in last couple of weeks, Bulls rule the Highs, bears pin hopes on recross of the fast rising Tenkan Sen (red line) and divergence #3.
