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Saturday, June 15, 2013

The Dow Jones - Ichimoku Study - Week: 10 June to 14 June: 2013 - Bulls hold on..


                             .....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 14 May'13




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


Bulls bounce back from the Tenkan Sen again ..  #2..
The Oscillator #3 ticks down but stays high.
Bulls celebrate 26 weeks spent above the Tenkan Sen #2 after bouncing of the Kumo #1.



Bulls hold on ...




Looking Forward into the next Week:

Bears need to hold the index below the Tenkan Sen #2.
Oscillator remaining High, important for Bulls #3.
Bulls would look at keeping the advantage - keeping clear of the Ichimoku Indicators.



Bears tantalizingly close to the Tenkan Sen....Bulls under pressure.




BSE Sensex - Ichimoku Study - Week: 10 June to 14 June: 2013 - Meeting for Deflection or Cross 5 - Bullish Cross !?


                     .....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)

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

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



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 months Data - as on 14 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 for the 5th week #2. 
Chikou Span Bearishly crosses the price line #1.
Index slides below the Kijun Sen, Tenkan Sen, MVWAP 34 confluence  #2.
We have Three #2 Weak (above Kumo) Bearish Signals as above.
Oscillator ticks down  #3.
Last Day of the week produces a long tail to the weekly candle #2.


Kijun Sen and Tenkan Sen remain together even as three Weak Bearish Signals are produced...




Looking Forward into the next Week:


A Bullish Tenkan Sen - Kijun Sen Cross, failed to appear last week - remains on the cards for next week #2.
Chikou Span getting above price line required for above #1.
A Bearish Tenkan Sen - Kijun Sen Deflection, may give the Bears a sneaky win #2.
Chikou Span getting below price line did not help above #1.
This week's three weak Bearish Signals can reverse to three strong Bullish Signals - if Bulls take off from Friday's up move..



Tenkan Sen could move above the Kijun Sen making a Bullish Cross - to the relief of the hopeful Bulls and the chagrin of the bemused Bears...