The Dow Jones - Ichimoku Study - Kijun Sen Clear :- Week: 03 September to 06 September, 2013.

Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 06 Sept'13

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



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

Bulls get a green Week #2.
Bears however close the Index below the Kijun Sen again #2.
Chikou Span moves parallel to the Price line #1.
Gap between the Tenkan Sen and Kijun Sen gets smaller #2.


Bulls see Green after long - but the Bears hold the Index below the Kijun Sen...




Looking Forward into the next Week:

Bulls need to get index above the Tenkan Sen, to get back the advantage #2.
Bears  keep the advantage staying below the Kijun Sen  #2.
Chikou Span's proximity to Price line important - to be watched for cross or deflection #1.  
Widening gap between the Senkou Span A&B is a concern area for Bears #3. 
Narrowing gap between the Tenkan Sen and Kijun Sen worries the Bulls #2.


Bulls seek to get back above the Tenkan Sen while bears eye a Bearish Cross of the Tenkan Sen and Kijun Sen #2.

 

BSE Sensex - Ichimoku Study - Repulsion Bounce :- Week: 02 September to 06 September, 2013.

BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 06 Sept'13

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



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

Bulls pull off a Kumo Break out #2 and get above the Tenkan Sen and Kijun Sen last week #3.
Bears retaliate with a Senkou Span Cross #4 and keep the Chikou Span below the Price Line #1.


Bulls get their Repulsion Bounce. Bears ensure stalemate.




Looking Forward into the next Week:

Chikou Span is close to Price Line - deflection or Cross possible #1.
Bullish Cross of the Kijun Sen and Tenkan Sen is the next Bull game #3.
Bears would want to keep the Bearish Senoku Span Cross #4 and reverse the Kumo Breakout #2.


Bears look to get back into the Kumo - Bulls want the Tenkan Sen above the Kijun Sen #3.