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| 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.
