Saturday, August 3, 2013

The Dow Jones - Ichimoku Study - Week: 29 July to 02 August - 2013 - Bulls Head Higher

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 02 Aug'13

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

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

Bulls move Higher and post a new high #2..
Chikou Span also touches another High #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.

Bulls make another new 'All Time High' 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.
Narrow Gap between the Tenkan Sen and Kijun Sen a concern for Bulls #3.
Chikou Span's moves towards Price line important - to be watched #1.   

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