You are looking at the early formation of a bullish tenkan sen/kijun sen cross play. IMHO <A HREF="http://www.kumotrader.com/ichimoku_wiki/index.php?title=Ichimoku_trading_strategies#Kijun_Sen_Cross" target="_blank">http://www.kumotrader.com/ichimoku_wiki/index.php?title=Ichimoku_trading_strategies#Kijun_Sen_Cross</A> As noted FIGURE II - Tenkan Sen/Kijun Sen Cross Case Study