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Saturday, August 24, 2013

The Dow Jones - Ichimoku Study - Week: 19 August to 23 August - 2013 - Bearing below Tenkan Sen


Dow 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 23 Aug'13


Introduction / Primer to Ichimoku can be read at this link (click). 



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

Bears keep it below the Tenkan Sen last week #2..
Chikou Span closer to the Price line #1.
Gap between the Tenkan Sen and Kijun Sen is steady #3.


Bears hold the Index below the Tenkan Sen...




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.



BSE Sensex - Ichimoku Study - Week: 19 August to 23 August - 2013 - Gravity Works


BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 23 Aug'13


Introduction / Primer to Ichimoku, can be read at this link (click). 



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

Flat Kumo #3 rewards the Bears for the fifth week.
Tenkan Sen & Kijun Sen cross Bearishly #2.
Index meets the Flat Senoku Span #3 last week.
Chikou Span slips further down- parallel to the price line #1.
Senoku Span Cross - Bearish - on the horizon #4.


Bears reach target using Gravitational Pull produced by the Flat Senkou Span B #3 to bring Index down to this line as studied 6 weeks ago.




Looking Forward into the next Week:

Chikou Span moving down parallel to price line, in close enough proximity to Bullishly break into it #1.
Bullish Recross of the Kijun Sen and Tenkan Sen is the next Bull hope #2.
Bulls would also look at using the bounce off the Flat Senoku Span B to get out of the Kumo. #3.
Bears would want to see the Bearish Senoku Span Cross #4 and a Bearish Kumo Break out #3.

Bulls look to get out of the Kumo - Bears eye the Bearish Senoku Span Cross - #4 ...