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| Dow 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 30 Aug'13 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bears close the Index below the Kijun Sen last week #2..
Chikou Span even closer to the Price line #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.
Bears hold the Index below the Tenkan Sen and just about manage a cross below the Kijun Sen...
Looking Forward into the next Week:
Bulls need to get index above the Tenkan Sen, to get back the advantage #2.
Bears keep the advantage staying below the Kijun Sen #3.
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.
Bears look at keeping their advantage .... Bulls seek to get back above the Tenkan Sen #2.
