Saturday, February 9, 2013

The Dow Jones - Ichimoku Study - Week: 04 February to 08 February, 2013 - Bears Hold



                             .....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 08 Feb'13



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


Bears pull one back #2, Bearish Harami.
The Chikou Span #1 dips for a change - still way above the price line.
The Oscillator #3 ticks up - divergence with Price persists.


Bears hold Bull run for this week.



Looking Forward into the next Week:

Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
Bearish Divergence apparent on the Oscillator #3.


A close below last week would give the Bears hope of recrossing the red Tenkan Sen Line #2.


BSE Sensex - Ichimoku Study - Week: 04 February to 08 February, 2013 - Bears on a Roll



                     .....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)

New:
The Tenkan Sen Cross:  Weak Bearish Signal (Te)  



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 08 Feb'13



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

Bears take out the Tenkan Sen and get a life  #2.
Oscillator ticks down and Divergence to Price is apparent #3.
Chikou Span dives towards the Price line #1


Bears follow up the Engulfing Red Candle of last week, with another red candle, to take over the Medium term Chart.




Looking Forward into the next Week:

Staying above the Kijun Sen - advantage is with the Bulls.
Bears see strength, below the Tenkan Sen #2.


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