.....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)
Dow 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 31 May'13 |
Learning from the Past Week: (click here for that post)
Bulls unable to make new Highs .. #2..
The Oscillator #3 stays high.
Bulls celebrate 24 weeks spent above the Tenkan Sen #2 after bouncing of the Kumo (cloud)
Bears get another red week #2.
Bears end the week below last week's close, gaining an edge #2.
Bears make progress...
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.
Bulls Hold fort. Bears dig in..