Saturday, July 13, 2013

The Dow Jones - Ichimoku Study - Week: 08 July to 12 July: 2013 - Bulls surge towards the 'All time High'

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

Introduction can be read at this link (click). 

New Legend:


Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 12 July'13

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

Bulls surge ahead, post retake of the Tenkan Sen last week..  #2..
Chikou Span ticks up #1.
Gap between the Tenkan Sen and Kijun Sen Narrows further #2.

Bulls surge towards old high after getting back above the Tenkan Sen ...

Looking Forward into the next Week:

Bears need to get back the lost advantage - get index below Tenkan Sen #2.
Gap between the Tenkan Sen and Kijun Sen to be watched #1.
Bulls need to cross the previous All Time High keeping up the momentum #2.

Bears eye life below the Tenkan Sen #2 .... Bulls seek New Highs.