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Dow Jones CMP : 10,500
Here is a positive way to look into dowjones. Yes I used my favorite indicator Ichimoku for the montly charts of Dow Jones to guage the nature of the Market(Bull/Bear markets) in coming months
Ichimoku montly cloud charts plays a major role in deciding the commencement of long term bull market.
The above 20year chart of Dow Jones is a good visible example. i.e buy and hold above the cloud or sell short and stay away from long if the montly candle is below the cloud.
And from the charts the monthly cloud chart of Dow Jones is near 9815 region. Until dow jones stay away above the Ichimoku cloud it is a clear long term bull run in dow jones, just 700pts shy away from the Spot value
In Simple Facts if the montly candle stays above the cloud then it is a bull market and if moves below the cloud then it is a pure bear market. In Short Ichimoku had the power to Identify Bull and Bear Markets
I had also included 20 year montly charts of Nifty. Just Identify which type of market we are. Cloud supports are there till 4300 zone
Dear Mr.Rajendran,
Can you pls spell out what cloud settings should be used for successful performance of the following trading time frames:-
1. Intra-day
2. Short Term (say for one to two weeks)
3. Long Term ( say more than two weeks – this is I have defined for my trading style)
Regards,
Veer
hi rajendran,
the manish download at 4shared says the file is
NOT AVAILABLE,
the same NOT AVAILABLE message at alternate link too.
has the file been removed,
or a different link has been formed ?
Also,
how to update IEOD latest data for 2010 to the 180mb file having data till 2009 end ?
will be helpful when you explain plz.
thanks
[this is a repetition of comment left at manish download post]
There is a new version 1.0.0.1 of Manshi RT available at
http://www.4shared.com/file/klWZTmsh/ManshiRT-1001-03May2010.html
Also the same link also updated in Mashi RT posting
@veer
The Cloud parameters are 3,13,16.
For an optimal performance in intra,short term, Long term just have a look at the following post
Should I give Weightage to Lower or Higher Timeframes?
thanks Rajendran,
can you plz explain how
to update IEOD latest data for 2010 to the 180mb file having data till 2009 end [amibroker] with the file a day data from investbulls ?
Thank you
Regards,
Veer
Hi Ranjendran,
Could you please upload ichimoku file, as it is deleted? If you have updated version please upload that one.
Thanks,