Thread: Ichimoku
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Old 03-29-2006, 04:25 AM
samarkand samarkand is offline
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Ichi

My EOD thoughts.

The daily spot chart printed a Shooting Star/Inverted Hammer, neither of which are in a pattern perfect position. The long spike tested the cloud and Kijun, but the body closed in a position at the lower edge the bearish cloud and still below the 200 MA. Tenkan and Sekou A have started to droop and when also taking into consideration the bearish nature of the weekly chart it indicates the price could still retreat lower, perhaps to 1900 +/- area where the situation can be re-evaluated.

Sam

Am I alone ?
or are there any others prepared to make a comment.
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