Monday, December 16, 2013

The Dow Jones - Ichimoku Study - Tenkan Sen Support - Week 3 of December 2013.

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

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

Learning from last Week: (click here for previous post)

Bulls have another red week after the 'shooting star' week hangs #W2.
Senoku Span A & B widen #W3.
Gap between the Tenkan Sen and Kijun Sen opens wide #W2.

Wrap: Bulls dive from ATH to Tenkan Sen #W2.

Looking Forward into this Week:

Chikou Span dives towards Price line #W1.
Gap between the Tenkan Sen and Kijun Sen widens, giving the Bulls some relief #W2.
Critical for Bulls to stay above support at Tenkan Sen #W2.

Wrap: Bulls look to regain momentum and 'Hang' with the stars while Bears pray the Tenkan Sen cracks this week #W2.