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| Dow 30 - End of Week Chart (EOW) - Analyzing 24 Month's Data - as on 11 Mar'14 |
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the earlier Study: (click here for the post)
Bull - Bear stand-off continues around the ATH #W2.
Senoku Span A & B gap widens #W3.
Gap between the Tenkan Sen and Kijun Sen narrows as in a broad deflection #W2.
At present height, the Chikou span seen running into the Price Line #W1.
Wrap: Index on pause near ATH - broad ranging continues for 15th week #W2.
Looking Forward into this Week:
Gap between Senoku Span A & B, if holding steady or increasing - good for Bulls #W3.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, would show direction going forward before Price line gets too close to the Kumo $W2.
Bulls wary of the Chikou span bearishly crossing the Price line #W1.
Wrap: Bulls want the Tenkan Sen and Kijun Sen staying apart #W2, Bears look to run into the Kumo soon #W3.
