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Saturday, March 23, 2013

The Dow Jones - Ichimoku Study - Week: 18 March to 22 March, 2013 - High Pause !



                             .....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 22 March'13



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


Bulls pause after the lunge up of last week #2..
The Chikou Span #1, holds distance to the price line.
The Oscillator #3 ticks up - divergence with Price continues.


Advantage continues 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,  getting below the Tenkan Sen - Bulls look for new highs..





BSE Sensex - Ichimoku Study - Week: 18 March to 22 March, 2013 - Bears force the pace..




                     .....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 Tenkan Sen/Kijun Sen Cross: Strong Bullish Signal (T) 
The Kumo Break-out: Bullish Signal (B)  
The Flat Kumo: Bearish Signal (Ko)
The Tenkan Sen Cross:  Bearish Signal (Te)

New:
The Chikou Span Cross:  Weak Bearish Signal (Cc)
The Kijun Sen Cross: Weak Bearish Signal (K)




BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 22 March'13




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

Bears bring index below the Kijun Sen #2.
Oscillator ticks down #3.
Chikou Span touches the Price line and makes a hair thin Bearish Cross #1.


A Bearish Chikou Span Cross as well as a Bearish Kijun Sen Cross, gives the bears the medium term screen..





Looking Forward into the next Week:

Getting above the Kijun Sen a must for Bulls next week #2.
Chikou Span staying below price line is good for Bears #1.
A Bearish Cross of the Tenkan Sen and Kijun Sen #2, would break the Bull's back.


A deflection of the Chikou Span #1, from the price line would be the Bull prayer for the next week..