Monday, January 13, 2014

The Dow Jones - Ichimoku Study - ATH Hold - Week 3 of January 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 10 Jan'14

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

Learning from last Week: (click here for previous post)

Bulls on Hold near the ATH with all red weeks in 2014 #W2.
Senoku Span A & B converge some and head up #W3.
Gap between the Tenkan Sen and Kijun Sen widens #W2.

Wrap: Bulls get a red 2014 as Bears force a second red week #W2.

Looking Forward into this Week:

Convergence of Senoku Span A & B, a concern for Bulls #W3.
Gap between the Tenkan Sen and Kijun Sen wide, giving the Bulls some relief #W2.
Critical for Bulls to stay above current support (Tenkan Sen) #W2.

Wrap: Bulls look to keep momentum and make new ATHs while Bears pray the Tenkan Sen cracks #W2.