The Dow Jones - Ichimoku Study - Week: 20 May to 24 May: 2013 - Bears nose in..

                             .....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)  

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)

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 24 May'13

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

Bulls make new High ..  #2..

The Oscillator #3 also makes a recent new High #3.

Bulls celebrate 23 weeks spent above the Tenkan Sen #2 after bouncing of the Kumo (cloud)

Bears get a red week #2.

Advantage Bulls.

Looking Forward into the next Week:

Bears need the index back below the Tenkan Sen #2.

Oscillator staying High to be watched #3.

Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.
Bears would look to close the coming week below last week's - to press home their small edge #2.

Bulls Rule. Bears Smell Honey

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