Monday, December 8, 2014

The Dow Jones - Ichimoku Study - Separation? - Week 2 of December 2014.

Dow 30 - End of  Week Chart (EOW) - Analyzing 24 Month's Data - as on 05 Dec'14

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

Learning from the earlier Study: (click here for the post)

Bulls after the kick off from the Kumo, get above the Tenkan Sen and Kijun Sen and continue to make it rain ATHs #W2.

Tenkan Sen and Kijun Sen still on top of each other and Separation is expected anytime now #W2.
Senoku Span A & B gap is flat #W3.

Wrap: Bulls bounced off the Kumo and used the Chikou Span deflection, to make it rain ATHs # W2. Bears pray for a red week.

Looking Forward into this Week:

Bears aim for a journey back to the Kumo, starting with a move to below the Tenkan Sen #W2.
Bearish Cross or Bullish Deflection of Tenkan Sen & Kijun Sen, is now in progress #W2.
Chikou Span dipping towards the Price line is the Bear ask #W1.
Bulls anticipate that the Tenkan Sen will move above the Kijun Sen in a Bullish deflection, even if the Index itself falls to the Tenkan Sen #W2.

Wrap: Tenkan Sen and Kijun Sen are on top of each other -  the Bulls look for a deflection while the Bears hope for a Bearish Cross #W2.