.....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.
Recent Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below
The Chikou Span Cross: Strong Bullish Signal (cC)The Kijun sen cross: Strong Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T)
Tenkan Sen Cross: Weak Bearish Signal (Te)
|Dow 30 - End of Week Chart (EOW) - Using 12 months Span - as on 28 June'13|
Learning from the Past Week: (click here for that post)
Bears keep it below the Tenkan Sen .. #2..
The Oscillator #3 ticks down.
Bulls bring back some Green - however fail to retake the Tenkan Sen #2.
Bears stay in ...
Looking Forward into the next Week:
Bears need to continue to hold the index below the Tenkan Sen #2.
Chikou Span getting closer to the Price line to be watched #1.
Bulls would look at getting back the advantage - rising above the Tenkan Sen #2.
Bears eye the distant Kijun Sen #2 .... Bulls remain under pressure.