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Saturday, March 9, 2013

The Dow Jones - Ichimoku Study - Week: 04 March to 08 March, 2013 - Bulls make Up move..



                             .....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 08 March'13



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


Bulls lunge up after mulling the move last week #2..
The Chikou Span #1, retains distance to the price line.
The Oscillator #3 ticks up marginally - divergence with Price continues.


Advantage now with the Bulls.




Looking Forward into the next Week:

Bears need the index back below the cluster of supports MVWAP 34, Kijun Sen and Tenkan Sen #2.
Bearish Divergence apparent on the Oscillator #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.


Bears now look for a reversal,  crossing of the Tenkan Sen and the Kijun Sen - in the slightly distant future..




BSE Sensex - Ichimoku Study - Week: 04 March to 08 March, 2013 - Bulls take off from Kijun Sen



                     .....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)

New:
The Tenkan Sen Cross:  Bullish Signal (Te)  


BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 08 March'13



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

Bulls use support at the Kijun Sen take the Index above the Tenkan Sen #2.
Oscillator ticks down and Divergence to Price continues #3.
Chikou Span deflects from the Price line #1.


Bulls retake hold of the medium term Screen.




Looking Forward into the next Week:

Staying above the Kijun Sen & Tenkan Sen - Bulls have the edge #2.
Bears see strength, below the Tenkan Sen #2.
Chikou Span was the catalyst lst week, with a deflection #1.


A Bearish / Bullish Cross of the Tenkan Sen and Kijun Sen, is the next action point to watch.