The Dow Jones - Ichimoku Study - Week: 08 July to 12 July: 2013 - Bulls surge towards the 'All time High'

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

Introduction can be read at this link (click). 

New Legend:

Chart:

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 12 July'13

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


Bulls surge ahead, post retake of the Tenkan Sen last week..  #2..
Chikou Span ticks up #1.
Gap between the Tenkan Sen and Kijun Sen Narrows further #2.


Bulls surge towards old high after getting back above the Tenkan Sen ...




Looking Forward into the next Week:

Bears need to get back the lost advantage - get index below Tenkan Sen #2.
Gap between the Tenkan Sen and Kijun Sen to be watched #1.
Bulls need to cross the previous All Time High keeping up the momentum #2.



Bears eye life below the Tenkan Sen #2 .... Bulls seek New Highs.

BSE Sensex - Ichimoku Study - Week: 08 July to 12 July: 2013 - Bulls Surge Ahead

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

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

New Legend: 

Chart:

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 12 July'13

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


After the Bullish 'Tenkan Sen - Kijun Sen' Cross, Bulls on a Roll #2.
Index keeps above the Tenkan Sen  #2.
Chikou Span cleared by the price line #1.


Bullish Cross of the Tenkan Sen & Kijun Sen produces even more gains for the Bulls #2.




Looking Forward into the next Week:


Tenkan Sen is the support the Bears need to break now #2.
Gap between the Tenkan Sen - Kijun Sen is steady - Bearish Cross possibility to be watched #2.
Chikou Span action vis-a-vis  the price line remains critically important  #1.


Chikou Span is the action point for the Bears next week ...