.....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.
Useful resources (free) from the Web:
Previous Signals seen on DJI 30 - Week Chart (EOW) as marked on chart below:
Kumo Breakout: Bullish Signal (B)
The Flat Kumo: Bearish Signal (Ko)
Tenkan Sen Cross: Weak Bearish Signal (Te)
The Kijun sen cross: Weak Bearish Signal (K)The Kijun sen cross: Strong Bullish Signal (K)
Tenkan Sen Cross: Strong Bullish Signal (Te)
|DJI 30 - End of Week Chart - 29 June, 2012
Learning from the Past Week:
We suggested that, keeping above the MVWAP 34, may help the Bulls keep their turf for some more time.
This has happened with the Bulls moving up nicely, with a Bullish Kijun Sen Cross.
The expected, Bearish Kijun Sen - Tenkan Sen cross is yet to happen - the lines are Exactly even now.
Looking forward into the next week:
Kijun Sen and Tenkan Sen read exactly the same for two weeks running.
While a deflection would be a possibility - the greater probability favors a Bearish cross.. when it happens.