|Dow 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 19 July'13|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bulls make a new 'All Time High', post retake of the Tenkan Sen last week.. #2..
Chikou Span ticks up to its Highest level too #1.
Gap between the Tenkan Sen and Kijun Sen Narrows further #2.
Bulls make new 'All Time High' after getting back above the Tenkan Sen ...
Looking Forward into the next Week:
Bears need to get index below Tenkan Sen, to get back some advantage #2.
Narrowing Gap between the Tenkan Sen and Kijun Sen a concern for Bulls #1.
Bulls have crossed the previous All Time High, thus keeping up the momentum #2.
Bears eye life below the Tenkan Sen #2 .... Bulls seek more New Highs.