.....Regulars can skip below and go straight to the chart......
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)
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.