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Saturday, September 21, 2013

The Dow Jones - Ichimoku Study - Bulls shoot some stars :- Week: 16 September to 20 September, 2013.


Dow 30 - End of  Week Chart (EOW) - Analyzing 18 Month's Data - as on 20 Sept'13


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



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

Bulls manage another green candle in a week that sees the Index reach new space #2.
Chikou Span stays away from the Price line #1.
Gap between the Tenkan Sen and Kijun Sen narrow but steady #2.


Bulls shoot to new Highs.. 




Looking Forward into the next Week:

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


Bulls seek to remain above the Tenkan Sen while Bears pray the Tenkan Sen slips below the Kijun Sen #2.

 

BSE Sensex - Ichimoku Study - The Bear Line Up :- Week: 16 September to 20 September, 2013.



BSE 30 - End of  Week Chart (EOW) - Analyzing 12 Month's Data - as on 20 Sept'13



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



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

The Senkou Span A&B meet, Tenkan Sen and Kijun Sen also meet and they all read 19094.20 - a rare sight indeed #5.
Bullish Chikou Span Cross #1, has given the Bulls another Green Week #2.



Bears hold on to the last line #5..




Looking Forward into the next Week:

The Senkou Span B crossing above the Senkou Span A #4 or the Tenkan Sen above the Kijun Sen #3 would give the Bulls the Medium Term Screen completely.
Bears just manage to hold their border with this line up $5.
Chikou Span remains close enough to Price Line - deflection or cross a couple of weeks away #1.


Bears desperate to hold their line #5 - Bulls seek to complete the kill #3 & #4.