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Sunday, May 26, 2013

The Dow Jones - Ichimoku Study - Week: 20 May to 24 May: 2013 - Bears nose in..



                             .....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 24 May'13





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


Bulls make new High ..  #2..
The Oscillator #3 also makes a recent new High #3.
Bulls celebrate 23 weeks spent above the Tenkan Sen #2 after bouncing of the Kumo (cloud)
Bears get a red week #2.


Advantage Bulls.




Looking Forward into the next Week:

Bears need the index back below the Tenkan Sen #2.
Oscillator staying High to be watched #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.
Bears would look to close the coming week below last week's - to press home their small edge #2.



Bulls Rule. Bears Smell Honey
.

BSE Sensex - Ichimoku Study - Week: 20 May to 24 May: 2013 - Meeting for Deflection or Cross 2



                     .....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 Kumo Break-out: Bullish Signal (B)  
The Flat Kumo: Bearish Signal (Ko)
The Chikou Span Cross:  Strong Bullish Signal (Cc)  
The Tenkan Sen Cross:  Bullish Signal (Te)
The Kijun Sen Cross: Strong Bullish Signal (K) 

New:
The Tenkan Sen/Kijun Sen Meet: Awaited a Strong Bullish Signal (T)



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 24 May'13




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


Tenkan Sen & Kijun Sen lines stay met, precisely without a cross or deflection yet #2. 
Index remains above the Kijun Sen line  #2.
Oscillator ticks up  #3.
Chikou Span dives towards the price line #1.



Desperate Bears get their red week, Kijun Sen and Tenkan Sen meet exactly.





Looking Forward into the next Week:

A Bullish Tenkan Sen - Kijun Sen Cross, should be the next Bull ask #2.
Chikou Span getting below price line a must for the Bears #1.
A Bearish Tenkan Sen - Kijun Sen Deflection, may give the Bears a sneaky win #2.
Meeting of the Tenkan Sen and Kijun Sen needs resolution either way #2.



Deflection or Cross? Tenkan Sen and Kijun Sen are equal and  this can cause the index to range before moving on..