|BSE 30 - End of Week Chart - 16 March 2012|
All recent signals are posted here (last week's post). Please read up on them, along with the Write up mentioned in the 'Preamble', especially if you are a new to this study.
We analyzed the Flat Kumo on the DJI30 (here). We shall do the Sensex, the same favor. After all, we are already halfway into flat zone - see 'H'. As in the DJI study we notice that the Senkou Span B (grey line) appears flat starting around Dec'11 and after a break in the zone marked 'H'.
The same principle of attraction to equilibrium that we read in the DJI study seems to have pulled the Sensex up and looks like this can continue. The Index, gets into the Kumo (cloud) if it moves up any more, and we need to see if the resistance of the last rise, can be cracked this time.
The M-VWAP gave us a good insight last week and we shall follow the 34 period M-VWAP on this study. If interested do read up on same here or on other resources.