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| Dow 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 25 Oct'13 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bulls get higher above the Kijun Sen & Tenkan Sen #2.
Chikou Span still around the Price line #1.
Gap between the Tenkan Sen and Kijun Sen narrows further #2.
Bulls keep the advantage..
Looking Forward into the next Week:
Bulls keep index above Kijun Sen, and retain the advantage #2.
Chikou Span's distance to Price line important - to be watched for cross or deflection #1.
Widening gap between the Senkou Span A&B (Thicker Kumo = stronger resistance) is a concern for Bears #3.
Narrowing gap between the Tenkan Sen and Kijun Sen should worry the Bulls #2.
Bulls need to stay above the Tenkan Sen while Bears pray the Tenkan Sen slips below the Kijun Sen #2.
