.....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)The Kijun sen cross: Strong Bullish Signal (K)
Tenkan Sen Cross: Strong Bullish Signal (Te)
The Tenkan Sen/Kijun Sen Cross: Weak Bearish Signal (T)
|Dow 30 - End of Week Chart (EOW) - Analyzing 12 months Data - as on 21 December, 2012|
Learning from the Past Week: (click here for the post)
Bearish - 'Kijun Sen (blue line) - Tenkan Sen' (red line) Cross #2 creates ranging.
The Oscillator ticks up into plus zone #4.
Chikou Span close to price line #1.
The Blue Line (Kijun Sen) and Red Line (Tenkan Sen) Cross, is causing some Consolidation.
Looking Forward into the next Week:
A Senkou Span Cross #3 - if it happens from this position - is bad news for the Bulls.
Bulls keep the index above the MVWAP 34, Tekan Sen (red line) and the Kijun Sen (blue line) #2.
Ranging above the Kijun Cross can continue #2.
Bearish Kijun Sen Cross / Senkou Span Cross is the next hope of the Shorts..