Monday, November 25, 2013

The Dow Jones - Ichimoku Study - Bull new ATH - Week 4 of November 2013.

Dow 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 22 Nov'13

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

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

Bulls get to new All Time High (ATH) and stay above previous peaks #W2.
Senoku Span A & B starting to converge #W3.
Gap between the Tenkan Sen and Kijun Sen narrow even as both turn up #W2.

Wrap: Bulls get another ATH.. 

Looking Forward into the next Week:

Bulls keep index above Kijun Sen, and have gained momentum #W2.
Narrowing gap between the Senkou Span A&B (Thicker Kumo = stronger resistance) a small consolation for Bears #W3. 
Gap between the Tenkan Sen and Kijun Sen narrow - cross helps Bear cause #W2.

Wrap: Bulls look to maintain momentum to stay above previous peaks while Bears pray the Tenkan Sen slips below the Kijun Sen soon #W2.