.....Regulars can skip below and go straight to the chart......
Quick Reference :
Chikou Span - pink line,
Kijun Sen - blue line,
Senkou Span A - black line,
Senkou Span B - grey line,
Kumo - grey shaded area,
Tenkan Sen - red line.
Previous Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below
The Kumo Breakout: Strong Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T)
The Chikou Span Cross: Strong Bullish Signal (cC)
The Kijun sen cross: Strong Bullish Signal (K) New:
Tenkan Sen Cross: Strong Bullish Signal (Te)
DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud
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| DJI 30 - End of Week Chart - 07 December, 2012 |
Learning from the Past Week: (click here for the post)
Range of the last week, the space above the Kumo and below the Tenkan Sen #1, gets broken.
The Bulls get the Chikou Span Cross (Cc), Kijun Sen Cross (K) and now the Tenkan Sen (Te) Cross - three bullish signals, all strong ones.
The Senkou Span convergence, we saw last week, does not progress.
The Oscillator ticks up while still in the negative #2.
Threat of a Bearish - 'Kijun Sen (blue line) - Tenkan Sen' (red line) Cross soon #1.
Looking Forward into the next Week:
Senoku Span Cross - if it happens from this position - is bad news for the Bulls.
Bears look forward to a bearish Kijun Sen - Tenkan Sen Cross - and life inside the Kumo.
Bulls would want to capitalize on the last three Strong Bullish signals - to charge up.
The Blue Line (Kijun Sen) and Red Line (Tenkan Sen) Crossing, could result in some Consolidation - offsetting the recent 3, strong Bullish Signals seen.
