11/4/2010 - Silver

THE VULCAN REPORT
Review of $SI - SILVER 5000 ELECTRONIC Continuous (@:1SIc1#I)
as of Wednesday, November 03, 2010


Today's Price Action


Change  -40.0000 (-1.61%) prices closed lower than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     31.45
Swing Vix:     27.63


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    3 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-Bought Sell  9 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 decreased 0.52%, and has ranged from a high of 2,488.5000 to a low of 2,380.5000.


     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. - 1,985.4000
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,861.3594
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 2,182.8875 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 2,413.5168 


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,458.0000
SUPPORT 2,425.0000


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,488.5000
PulseWave BreakOut SUPPORT - 2,312.5000


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 3,494.7000
Long term Trend Line resistance is currently at - 2,488.5000
Long term Trend Line support is currently at - 1,985.4000


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 6,513.2998
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 5,507.0996
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 4,500.8999


VOLATILITY
On 11/3/2010, $SI - SILVER 5000 ELECTRONIC Continuous closed   
below the upper band by 24.0%.