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Saturday, December 1, 2012

The Dow Jones - Ichimoku Study - 26 November to 30 November, 2012 - Bears Resist





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

Introduction 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.



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 Tenkan Sen/Kijun Sen Cross:  Strong Bullish  Signal (T)
Tenkan Sen Cross:  Weak Bearish Signal (Te)
The Chikou Span Cross:  Strong Bullish Signal (cC)  

Last:
The Kijun sen cross:  Strong Bullish Signal (K)  





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





Learning from the Past Week: (click here for the post)

Range last week was, the space above the Kumo and below the Tenkan Sen #2.
The Bulls could not break the Tenkan Sen #2.
The Senkou Spans converge #4.
The Oscillator ticks down to negative #3  Negative divergence is persistent.




Looking Forward into the next Week:

Range continues to be the space above the Kumo and below the Tenkan Sen #2.
Senoku Span Cross - if it happens from this position - is bad news for the Bulls #4.
Bulls would need to break above the Tenkan Sen #2.
Bears look forward to a Kijun Sen - Tenkan Sen Cross - and life inside the Kumo.



BSE Sensex - Ichimoku Study - Week: 26 November to 30 November, 2012. - Bulls burst through.




                     .....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.



Previous Signals seen on BSE 30 - Week Chart (EOW) marked on chart as per notes below:

The Senoku Span Cross:  Neutral Bullish Signal (Ss)
The Kijun Sen Cross: Neutral Bullish Signal (K)
The Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T) 
The Kumo Break-out: Bullish Signal (B)  
The Chikou Span Cross:  Strong Bullish Signal (Cc)  

New:
The Tenkan Sen Cross:  Strong Bullish Signal (Cc)  






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




Learning from the Past Week: (click here for the post)

Bulls get above the Tenkan Sen #2 early in the week, and move up with momentum
Oscillator ticks up for a change #3
Flat Kumo fails to pull in the Price last week.




Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.
Price continues to be pulled towards the flat Kumo.
Bulls would need to stay above the Tenkan Sen #2 to keep the momentum going.