7/28/2010 - DIA - THE VULCAN REPORT Review of DOW JONES ETF (DIA) as of Tuesday, July 27, 2010

THE VULCAN REPORT
Review of DOW JONES ETF (DIA)
as of Tuesday, July 27, 2010


Today's Price Action


Change   prices closed lower than they opened.  0.1800 (0.17%)  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:     37.80
Swing Vix:     35.90


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    2 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance before the underlying security.  
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  


*The last signal was a Over-Sold Buy 14 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.
      
  *Since the last Swing Vix signal, DOW JONES ETF's price has increased 1.12% , and has ranged from a high of 105.8400 to a low of 102.9200.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at-  96.9800.


        TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,


TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  96.9800
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 103.1398 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 103.4112 


INTRADAY PRICE PROJECTIONS
RESISTANCE 105.6510
SUPPORT 105.1890


WEEKLY PRICE PROJECTIONS
RESISTANCE 104.1800
SUPPORT 100.0400


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 143.7500
Long term Trend Line resistance is currently at - 112.5700
Long term Trend Line support is currently at -  96.9800




BULL MARKET HYPER PARABOLIC CIRCUIT BREAKERS


BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 237.2900
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 206.1100
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 174.9300


VOLATILITY
On 7/27/2010, DOW JONES ETF closed   
below the upper band by 12.1%.




     IN PLAY - (PANDORA'S LITTLE BLACK BOX)


LONG Signals :   
      
LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!


SHORT Signals :  


           WARNING - Inside Day / Bullish Retracement pull back from previous high (Possible Breakdown below)   


        SHORT ENTRY- 104.9580
   Profit Target 102.9067
   Stop Loss 105.8820



Risk Disclosure


General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.


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