weekend charting, page-40

hi abender777, you said:

"Still trying to figure out your cloud stuff :)"

The IchiMoku chart can be quite confusing at first glance. The easiest way to look at the Cloud is to treat it as the Support/Resistance Band, which is what it is. Also, take into account the thickness of the Cloud as well, as its thickness indicates the strength or weakness of the Support/Resistance level as the share price approaches (either from below or from above it), the thicker it is the stronger the Support/Resistance.

For example, when a share price is approaching the Cloud from below, it is approaching Resistance, and the thickness of the Cloud can give an idea of the strength or weakness of the Resistance as the price approaches it.

Also, you will see that the Cloud is extended beyond the current time, to give an indication of future Support/Resistance level.

Just my view; I am not an expert on the IchiMoku chart.