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Saturday, September 14, 2013

The Dow Jones - Ichimoku Study - Bulls shoulder up :- Week: 09 September to 13 September, 2013.



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



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



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

Bulls get another green Week #2.
Chikou Span moves away from the Price line #1.
Gap between the Tenkan Sen and Kijun Sen narrow but steady #2.


Bulls clear above all the Ichimoku Lines with a massive Green week.




Looking Forward into the next Week:

Bulls get index above the Tenkan Sen, and get back the advantage #2.
Chikou Span's proximity to Price line important - to be watched for cross or deflection #1.  
Widening gap between the Senkou Span A&B is a concern area for Bears #3. 
Narrowing gap between the Tenkan Sen and Kijun Sen worries the Bulls #2.


Bulls seek to remain above the Tenkan Sen while bears eye a Bearish Cross of the Tenkan Sen and Kijun Sen #2.

 



BSE Sensex - Ichimoku Study - Kumo Cleared :- Week: 09 September to 13 September, 2013.



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



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



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

Bullish Chikou Span Cross #1, puts Bears at a disadvantage.
Bears retain the Senkou Span Cross #4.


Bulls get out of the Kumo in Style #2..




Looking Forward into the next Week:

Chikou Span remains close to Price Line - one more deflection or Cross possible #1.
Bullish Cross of the Kijun Sen and Tenkan Sen is the next Bull 'want' #3.
Bears would want to keep the Bearish Senoku Span Cross #4.


Bears look to get back into the Kumo - Bulls want the Tenkan Sen above the Kijun Sen #3.