.....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 Chikou Span Cross: Strong Bullish Signal (cC)Tenkan Sen Cross: Strong Bullish Signal (Te)
The Kijun sen cross: Strong Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T)
|Dow 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 19 April'13|
Learning from the Past Week: (click here for that post)
Bears have their best week this year .. #2..
The Oscillator #3 ticks down.
The Tenkan Sen is close..#2
Advantage still held by the Bulls.
Looking Forward into the next Week:
Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
Bearish Divergence less apparent on the Oscillator #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.
Bears look forward to a reversal and getting below the Tenkan Sen - Bulls look for the good time to resume..