Saturday, August 10, 2013

The Dow Jones - Ichimoku Study - Week: 05 August to 09 August - 2013 - Bears edge down

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 09 Aug'13

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

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

Bears hold the Bulls - and edge down #2..
Chikou Span also dips from its all time High #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.

Bears try to visit he Tenkan Sen by edging down last week ...

Looking Forward into the next Week:

Bears need to get index below Tenkan Sen, to get back some advantage #2.
Narrow Gap between the Tenkan Sen and Kijun Sen a concern for Bulls and gives relief to Bears last week #3.
Chikou Span's proximity to Price line important - to be watched #1.   

Bears eye life below the Tenkan Sen #2 .... Bulls hope to get back to making New Highs.