11/4/2010 - Gold

THE VULCAN REPORT
Review of $GC - 100 OZ GOLD ELECTRONIC Continuous (@:1GCc1#I)
as of Wednesday, November 03, 2010


Today's Price Action


Change  -19.3000 (-1.42%) prices closed lower than they opened. with weak Bids going into the close. 


Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -2.98
Swing Vix:     -5.40


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    4 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.    
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 19 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, $GC - 100 OZ GOLD ELECTRONIC Continuous's price has decreased 0.37%, and has ranged from a high of 1,360.3000 to a low of 1,325.9000.


     MOMENTUM


     MARKET TREND - Currently the TREND is Slightly Bullish - WARNING Possible Bullish-Retracement - (The TenkanSen has crossed below the KijunSen TODAY!").


        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.,T/K BREAKDOWN


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,205.9500
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,178.7120
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,298.6503 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 1,344.8488 
Today's Sell off pushed prices on the close below the short term trendline resistance


INTRADAY PRICE PROJECTIONS
RESISTANCE 1,352.0675
SUPPORT 1,334.6324


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,360.3000
PulseWave BreakOut SUPPORT - 1,319.0000


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,739.8000
Long term Trend Line resistance is currently at - 1,383.9000
Long term Trend Line support is currently at - 1,205.9500


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 2,807.5000
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 2,451.6001
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 2,095.7002


VOLATILITY
On 11/3/2010, $GC - 100 OZ GOLD ELECTRONIC Continuous closed   
above the lower band by 34.8%.