Saturday, September 14, 2013

The Dow Jones - Ichimoku Study - Bulls shoulder up :- Week: 09 September to 13 September, 2013.

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

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

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

Bulls get another green Week #2.
Chikou Span moves away from the Price line #1.
Gap between the Tenkan Sen and Kijun Sen narrow but steady #2.

Bulls clear above all the Ichimoku Lines with a massive Green week.

Looking Forward into the next Week:

Bulls get index above the Tenkan Sen, and get back the advantage #2.
Chikou Span's proximity to Price line important - to be watched for cross or deflection #1.  
Widening gap between the Senkou Span A&B is a concern area for Bears #3. 
Narrowing gap between the Tenkan Sen and Kijun Sen worries the Bulls #2.

Bulls seek to remain above the Tenkan Sen while bears eye a Bearish Cross of the Tenkan Sen and Kijun Sen #2.