Monday, January 20, 2014

The Dow Jones - Ichimoku Study - Tenkan Sen Visit - Week 4 of January 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 17 Jan'14

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

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

Bulls get first green week of 2014 after a near bounce off the Tenkan Sen #W2.
Senoku Span A & B converge some more and head up #W3.
Gap between the Tenkan Sen and Kijun Sen widens #W2.

Wrap: Bulls keep stalemate on with a near bounce off the Tenkan sen #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 remain above current support (Tenkan Sen) #W2.

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