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Saturday, June 29, 2013

The Dow Jones - Ichimoku Study - Week: 24 June to 28 June: 2013 - Bears Hold Gains


                             .....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.



Recent Signals seen on DJI 30 - Week Chart (EOW) marked on chart as per notes below

The Chikou Span Cross:  Strong Bullish Signal (cC)  
The Kijun sen cross:  Strong Bullish Signal (K) 
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)


Last:
Tenkan Sen Cross:  Weak Bearish Signal (Te)



Dow 30 - End of  Week Chart (EOW) - Using 12 months Span - as on 28 June'13



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


Bears keep it below the Tenkan Sen ..  #2..
The Oscillator #3 ticks down.
Bulls bring back some Green - however fail to retake the Tenkan Sen #2.


Bears stay in ...




Looking Forward into the next Week:

Bears need to continue to hold the index below the Tenkan Sen #2.
Chikou Span getting closer to the Price line to be watched #1.
Bulls would look at getting back the advantage - rising above the Tenkan Sen #2.



Bears eye the distant Kijun Sen #2 .... Bulls remain under pressure.




BSE Sensex - Ichimoku Study - Week: 24 June to 28 June: 2013 - Bullish Cross Bingo!


                     .....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.



Recent Signals seen on BSE 30 - Week Chart (EOW) marked on chart as per notes below:

The Chikou Span Cross:  Weak Bearish Signal (Cc)  
The Tenkan Sen Cross:  Bearish Signal (Te)
The Tenkan Sen/Kijun Sen Cross:  Strong Bullish Signal (T)

New:
The Kijun Sen Cross: Strong Bullish Signal (K)



BSE 30 - End of  Week Chart (EOW) - Using 12 months Span - as on 28 June'13




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


After the long awaited Bullish 
Tenkan Sen & Kijun Sen Cross, of the week before last - Bulls see Green last week #2.
Price bounces off the Kumo #2.
Index pops big time to reach the Tenkan Sen  #2.
Chikou Span remains just below the price line #1.
Oscillator ticks down  #3.


Bullish Cross of the Tenkan Sen & Kijun Sen produces a Engulfing Green Week #2.




Looking Forward into the next Week:


Tenkan Sen is the resistance now #2.
A Bearish Tenkan Sen - Kijun Sen Cross now, may give the Bears a sneaky win #2.
Chikou Span action vis-a-vis the price line is of critical importance #1.
With the Tenkan Sen staying above the Kijun Sen, Bulls can aim for new highs #2..  

Chikou Span and Tenkan Sen, are the action points for the Bulls next week ...