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Saturday, December 22, 2012

The Dow Jones - Ichimoku Study - 17 December to 21 December, 2012 - Consolidation




                             .....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 Chikou Span Cross:  Strong Bullish Signal (cC)  
The Kijun sen cross:  Strong Bullish Signal (K)  
Tenkan Sen Cross:  Strong Bullish Signal (Te)  


New:
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..






BSE Sensex - Ichimoku Study - Week: 17 December to 21 December, 2012 - Engulfed, now down..




                     .....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)  

Last:
The Tenkan Sen Cross:  Strong Bullish Signal (Te)  






BSE 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)

Bulls keep above the Tenkan Sen #1 but lose ground..
Oscillator ticks up again. 
Flat Kumo effect on.


Last Week's red candle Engulfed the previous week's green candle - this week's candle closes below last week's.




Looking forward into the next Week:

Staying above the Kumo - advantage is with the Bulls.
Flat Kumo Effect could be on for a couple more weeks.
Bulls would need to remain above the Tenkan Sen #2 to keep the momentum on.



Possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross continues to be the Bear Hope..