|Dow 30 - End of Week Chart (EOW) - Analyzing 12 Month's Data - as on 16 Aug'13|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bears after edging down last week - make a decent fall #2..
Chikou Span heads for the Price line #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.
Bears manage to visit the Tenkan Sen with a decent show last week...
Looking Forward into the next Week:
Bulls need to get index above the Tenkan Sen, to get back the advantage #2.
Bear ability to get below the Kijun Sen determines their keeping the advantage #3.
Chikou Span's proximity to Price line important - to be watched #1.
Bears look at building on their advantage .... Bulls look to get back above the Tenkan Sen #2.