Saturday, July 27, 2013

The Dow Jones - Ichimoku Study - Week: 22 July to 26 July - 2013 - Bulls Hold Highs

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 26 July'13

Introduction / Primer to Ichimoku can be read at this link (click). 

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

Bulls hold the new 'All Time High', post retake of the Tenkan Sen #2..
Chikou Span stays up #1.
Gap between the Tenkan Sen and Kijun Sen Narrows further #2.

Bulls keep the 'All Time High' made after getting back above the Tenkan Sen ...

Looking Forward into the next Week:

Bears need to get index below Tenkan Sen, to get back some advantage #2.
Narrowing Gap between the Tenkan Sen and Kijun Sen a concern for Bulls #1.
Bulls keep near previous All Time High, momentum suffers #2.

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