11/10/2010 - SILVER

THE VULCAN REPORT
Review of $SI - SILVER 5000 ELECTRONIC Continuous (@:1SIc1#I)
as of Wednesday, November 10, 2010


Today's Price Action


Change   with weak Bids going into the close.  0.2900 (1.08%) prices closed higher than they opened. 


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     31.56
Swing Vix:     34.23


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    1 period(s) ago.   
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  


*The last signal was a Over-Bought Sell  1 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.
      
  *Since the last Swing Vix signal, $SI - SILVER 5000 ELECTRONIC Continuous's price has increased 1.08% , and has ranged from a high of 29.3400 to a low of 26.4100.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        TREND STRENGTH - STRONG - Bullish Trend,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. -  21.9850
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  19.3035
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  22.8093 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -  25.9832 


INTRADAY PRICE PROJECTIONS
RESISTANCE  27.7898
SUPPORT  26.8603


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  24.9100
PulseWave BreakOut SUPPORT -  22.8100


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =  44.0500
Long term Trend Line resistance is currently at -  29.3400
Long term Trend Line support is currently at -  21.9850


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET =  88.1800
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET =  73.4700
BUBBLE PHASE I - (24-36mo) PRICE TARGET =  58.7600


VOLATILITY
On 11/10/2010, $SI - SILVER 5000 ELECTRONIC Continuous closed   
below the upper band by 6.6%.
This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.