Abet Chichi2

[chichi2]

Daily_charts for All_9_MAJOR_SECTORS 4 Months (1 Chart)

Daily_charts for All_9_MAJOR_SECTORS (Bollinger Bands Only)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57669051


Major Sector PERFORMANCE Comparisons - Click on URL,
then slide bottom "Glide" to
Pick Timeframe for Start Date
http://stockcharts.com/charts/performance/perf.html?xlb,xle,xlk,xli,xly,xlf,xlp,xlv,xlu

Below are New Major Sector charts analysis using Ichimoku Kinko Hyo or so-called, Ichimoku Clouds. A versatile indicator which defines support and resistance, identifies trend direction, gauges momentum and provides trading signals. Below i only speak to support of Conversion Lines and Base Lines, as all Sectors are presently doing well in Daily charts above Cloud Support. But only a few Sectors are above Conversion Line Support. None are presently running well enough to look forward to overhead resistance. To learn more of this indicator click this URL
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:ichimoku_cloud

These charts have Bollinger Bands, overlayed with the Ichimoko lines.

In Ichimoko charts, first see where the Clouds are, that is easy, the Price lines are above or below them, if they are above it is bullish and the Clouds are Thus Support. Next see where the Conversion Line is, if it is above Price that is good, you want Price to be above Conversion Line, and also above Base Line, Thus you have Support. Next check the Lines which are Not BB Lines, but like Out Riggers. These are Ichimoko 20ma lines both Above Price and Below Price like Out Riggers.

With my overlayed Bollinger Bands we can see its dashed 20 DMA centerline and hopefully you can then differentiate the Bollinger (Support and Resistance) of 2 sigma Bands from the Ichimoko 26 dma bands.


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