11/11/2010 - $DJI

THE VULCAN REPORT
Review of $DJI - YM Mini Dow Jones FUTURES ($DJI)
as of Wednesday, November 10, 2010


Today's Price Action


Change   10.2900 (0.09%) prices closed higher than they opened.  with strong Bids going into the close.


A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     39.29
Swing Vix:     39.92


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    0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 days  
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 18 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, $DJI - YM Mini Dow Jones FUTURES's price has been unchanged, and has ranged from a high of 11,366.1602 to a low of 11,255.0195.


     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. - 10,532.9258
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 10,362.3848
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 10,891.3057 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 11,274.9492 


INTRADAY PRICE PROJECTIONS
RESISTANCE 11,341.1533
SUPPORT 11,280.0264


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 11,451.5303
PulseWave BreakOut SUPPORT - 11,020.8203


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 13,288.7402
Long term Trend Line resistance is currently at - 11,451.5303
Long term Trend Line support is currently at - 10,532.9258


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 18,800.3711
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 16,963.1602
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 15,125.9502


VOLATILITY
On 11/10/2010, $DJI - YM Mini Dow Jones FUTURES closed   
below the upper band by 18.2%.