|Dow 30 - End of Week Chart (EOW) - Analyzing 18 Month's Data - as on 27 Sept'13|
Introduction / Primer to Ichimoku can be read at this link (click).
Learning from the Past Week: (click here for previous post)
Bears get a red week #2.
Chikou Span strays near the Price line #1.
Gap between the Tenkan Sen and Kijun Sen narrow but steady #2.
Bears get some room..
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.