The Dow Jones - Ichimoku Study - Week: 28 January to 01 February, 2013 - Bulls reach Higher

                             .....Regulars can skip below and go straight to the chart......

Introduction can be read at this link (click). 

Quick Reference : 

Chikou Span - pink line,

Kijun Sen - blue line, 

Senkou Span A - black line, 

Senkou Span B - grey line, 

Kumo - grey shaded area,

Tenkan Sen - red line.

Previous Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below

The Kumo Breakout: Strong Bullish  Signal (B)

The Flat Kumo: Bearish Signal (Ko)

The Chikou Span Cross:  Strong Bullish Signal (cC)  

Tenkan Sen Cross:  Strong Bullish Signal (Te)  
The Kijun sen cross:  Strong Bullish Signal (K) 

Last:
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 01 Feb'13

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

Post the Bullish 'Kijun Sen/Tenkan Sen' Cross #2, Bulls get another massive green week.

The Chikou Span #1 rears up, above the price line level.

The Oscillator #3 ticks up - divergence with Price persists.

Bulls again beat previous / last major Highs.

Looking Forward into the next Week:

Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.

A serious Bearish Divergence is developing on the Oscillator #3.

As in last couple of weeks, Bulls rule the Highs, bears pin hopes on recross of the fast rising Tenkan Sen (red line) and divergence #3.

BSE Sensex - Ichimoku Study - Week: 28 January to 01 February, 2013 - Bears pull one back..

                     .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 

Quick Reference : 

Chikou Span - pink line,

Kijun Sen - blue line, 

Senkou Span A - black line, 

Senkou Span B - grey line, 

Kumo - grey shaded area,

Tenkan Sen - red line.

Previous Signals seen on BSE 30 - Week Chart (EOW) marked on chart as per notes below:

The Senoku Span Cross:  Neutral Bullish Signal (Ss)

The Kijun Sen Cross: Neutral Bullish Signal (K)

The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T) 

The Kumo Break-out: Bullish Signal (B)  

The Chikou Span Cross:  Strong Bullish Signal (Cc)  

The Flat Kumo: Bearish Signal (Ko)

Last:

The Tenkan Sen Cross:  Strong Bullish Signal (Te)  

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 01 Feb'13

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

After a Doji week - Bears move down upto the Tenkan Sen #2.

Oscillator ticks even again and Divergence from Price is apparent #3.

Bears produce an Engulfing Red Candle to pull back the Bull run.. a bit

Looking Forward into the next Week:

Staying above the Kijun Sen - advantage is with the Bulls.

Bears will see life, once the Tenkan Sen #2 is taken out on the way down.

The now, not so distant possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross continues to be the Bear Hope..