Trading Ichimoku

Here’s my reading of the various indices based on Ichimoku Trend DOW Jones (DJIA) S&P 500 (SPX) NASDAQ (COMPQ) Russell 2000 (RUT) Long Term (Kumo) Down Down Down Down Intermediate (Kijun Sen) Down Down Down Down Short Term (Tenkan Sen) Up Up Up Up Notes: 1. If price level is above kumo, it is considered [...]

Back in March 2008 (around that time), Bush said, “US is not in recession”. And around that time, DOW had a rally in March starting from 11,800 and it goes all the way up 13,000 before it stops and reverse (in May). I remember the sentiments that many felt the economy is still healthy. From [...]

It was reported on CNBC that Darryl Guppy mentioned that DOW has a trading range of 6,000 to 10,000. To me, that is a very wide range for the short term traders. (Source : Huatopedia Forum) Let’s just do a quick glance at DOW Weekly using Ichimoku and see what we can find out:   [...]