.....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 March'13 |
Learning from the Past Week: (click here for the post)
Bulls close up higher, after three weeks spent in a 'row' #2..
The Chikou Span #1, retains distance to the price line.
The Oscillator #3 ticks down marginally - divergence with Price continues.
Bears & Bull are deadlocked still - Advantage now with the Bulls.
Looking Forward into the next Week:
Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
Bearish Divergence apparent on the Oscillator #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.
With Price nearing the Red Line, Bears retain some hope of recrossing the Tenkan Sen line - in the near future.
