Saturday, February 23, 2013

The Dow Jones - Ichimoku Study - Week: 18 February to 22 February, 2013 - Stalemate..


                             .....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 15 Feb'13



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


Bulls and Bears level up #2 for the third week in a row..
The Chikou Span #1 flattens - nearer now to the price line.
The Oscillator #3 ticks up - divergence with Price continues.



Bears & Bull are deadlocked again - Advantage still with the Bears.




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.



Bears keep a slim advantage and some hope of recrossing the red Tenkan Sen.




BSE Sensex - Ichimoku Study - Week: 18 February to 22 February, 2013 - Bears defend the Tenkan Sen..


                     .....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:  Weak Bearish Signal (Te)  



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 15 Feb'13



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

Bears keep the Index below the Tenkan Sen #2 - again.
Oscillator ticks down and Divergence to Price continues #3.
Chikou Span dives towards the Price line #1



Bears follow up the break of the Tenkan Sen last week, with another red candle, to retain the Medium term Screen.





Looking Forward into the next Week:

Staying above the blue Kijun Sen - Bulls still have an edge.
Bears see strength, staying below the Tenkan Sen #2.



Bulls need to re-conquer the Tenkan Sen to get back some Strength..