|Dow 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 09 Aug'13|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bears hold the Bulls - and edge down #2..
Chikou Span also dips from its all time High #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.
Bears try to visit he Tenkan Sen by edging down last week ...
Looking Forward into the next Week:
Bears need to get index below Tenkan Sen, to get back some advantage #2.
Narrow Gap between the Tenkan Sen and Kijun Sen a concern for Bulls and gives relief to Bears last week #3.
Chikou Span's proximity to Price line important - to be watched #1.
Bears eye life below the Tenkan Sen #2 .... Bulls hope to get back to making New Highs.