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Saturday, June 2, 2012

The Dow Jones - Ichimoku Study - Week: 28 May to 01 June, 2012 - Kijun Folds..




 .....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 


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 5 Signals seen on DJI 30 - Week Chart (EOW) as on chart below:

1. Chikou Span Cross: Strong Bullish Signal (C)
2. Tenkan Sen/Kijun Sen Cross: Neutral Bullish Signal (T)
3. Kumo Breakout: Bullish Signal (B)
4. The Flat Kumo: Bearish Signal (Ko)
5Tenkan Sen Cross: Weak Bearish Signal (Te)
6. The Kijun sen cross: Weak  Bearish  Signal (K)






DJI 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:   
DJI 30 - End of Week Chart - 25 May 2012  

Index Fell below the Blue Kijun Sen last week - after an aborted attempt at the red Tenkan Sen.
The 'B' shown by the arrow is the Chikou Span - its at the price line - Bearish Cross soon?
The 'C' shows last week's Kijun Sen cross - Bearish and resistance offered by the MVWAP 34.
Oscillator is ticking down.


Conclusion:
Gravitational Pull of the Flat Kumo has pulled the Index down so far - Flat Kumo ends soon.
Bulls need to move the index up fast - else we see a Bearish Cross of the Kijun Sen and Tenkan Sen soon.
Watch out for that cross (red line and blue line), during the next week.



BSE Sensex - Ichimoku Study - Week: 28 May to 01 June 2012 - Sensex sees Red



.....Regulars can skip below and go straight to the chart......

Introduction / Preamble can be read at this link (click). 


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:

Last 7 Signals seen on BSE 30 - Week Chart (EOW) as on chart below:

1. The Flat Kumo: Bullish Signal (Ko)
2. The Kumo Breakout: Bearish Signal (B)
3. Chikou Span Cross: Strong Bearish Signal (C)
4. The Kijun Sen Cross: Strong Bearish Signal (K)
5. The Tenkan Sen/Kijun Sen Cross: Strong Bearish Signal (T)
6. Chikou Span Cross: Weak  Bullish  Signal (A)
7. Chikou Span Cross: Strong Bearish Signal (A)


    BSE 30: Medium Term View (or) Week Chart (or) EOW with the Ichimoku Cloud:  
The BSE Sensex 30 - End of Week Chart - 01 06 June, 2012.  

We expected the Index to breach the red Tenkan Sen last week.
A valiant effort which fell short - is seen in the tall red candle of last week.
We have at 'A'  the Chikou Span recrossing the Price line bearishly - negating the gains of last week.
The way the Chikou Span is oriented, looks like it can recross the Price line bullishly again, shortly.
The Oscillator is ticking down.



Conclusion:
Bears have taken back the gains Bulls made last week.
Its still consolidation mode - but with a Bearish 'Red' tinge.
Watch that Chikou Span next week.