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Saturday, February 2, 2013

The Dow Jones - Ichimoku Study - Week: 28 January to 01 February, 2013 - Bulls reach Higher




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

Last:
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)




Dow 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 01 Feb'13




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

Post the Bullish 'Kijun Sen/Tenkan Sen' Cross #2, Bulls get another massive green week.
The Chikou Span #1 rears up, above the price line level.
The Oscillator #3 ticks up - divergence with Price persists.


Bulls again beat previous / last major Highs.





Looking Forward into the next Week:

Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
A serious Bearish Divergence is developing on the Oscillator #3.


As in last couple of weeks, Bulls rule the Highs, bears pin hopes on recross of the fast rising Tenkan Sen (red line) and divergence #3.




BSE Sensex - Ichimoku Study - Week: 28 January to 01 February, 2013 - Bears pull one back..




                     .....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)  
The Flat Kumo: Bearish Signal (Ko)

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





BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 01 Feb'13






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

After a Doji week - Bears move down upto the Tenkan Sen #2.
Oscillator ticks even again and Divergence from Price is apparent #3.



Bears produce an Engulfing Red Candle to pull back the Bull run.. a bit





Looking Forward into the next Week:

Staying above the Kijun Sen - advantage is with the Bulls.
Bears will see life, once the Tenkan Sen #2 is taken out on the way down.



The now, not so distant possibility of a Bearish, 'Kijun Sen - Tenkan Sen' Cross continues to be the Bear Hope..