Saturday, August 17, 2013

The Dow Jones - Ichimoku Study - Week: 12 August to 16 August - 2013 - Bears at Tenkan Sen

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 16 Aug'13

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

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

Bears after edging down last week - make a decent fall #2..
Chikou Span heads for the Price line #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.

Bears manage to  visit the Tenkan Sen with a decent show last week...

Looking Forward into the next Week:

Bulls need to get index above the Tenkan Sen, to get back the advantage #2.
Bear ability to get below the Kijun Sen determines their keeping the advantage  #3.
Chikou Span's proximity to Price line important - to be watched #1.   

Bears look at building on their advantage .... Bulls look to get back above the Tenkan Sen #2.