11/8/2010 - AGQ

THE VULCAN REPORT
Review of ETF - AGQ - PROSHARES ULTRA SILVER ETF (AGQ)
as of Friday, November 05, 2010


Today's Price Action


Change    5.1500 (4.35%) prices closed higher than they opened.  with strong Bids going into the close.This is generally considered bullish, as prices closed significantly higher than they opened.  If the candle appears when prices are "low," it may be the first sign of a bottom.  If it occurs when prices are rebounding off of a support area , the long white candle adds credibility to the support.  Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     43.17
Swing Vix:     41.70


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    6 period(s) ago. The Swing Vix is above 39.  This is where it usually tops.  The Swing Vix usually forms tops and bottoms 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 13 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, ETF - AGQ - PROSHARES ULTRA SILVER ETF's price has increased 24.44% , and has ranged from a high of 124.9400 to a low of 96.2210.


     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. -  83.2450
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  66.2104
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. -  86.5702 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 106.6635 


INTRADAY PRICE PROJECTIONS
RESISTANCE 123.2503
SUPPORT 119.1197


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 105.2000
PulseWave BreakOut SUPPORT -  92.0000


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 208.3300
Long term Trend Line resistance is currently at - 124.9400
Long term Trend Line support is currently at -  83.2450


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 458.5000
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 375.1100
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 291.7200


VOLATILITY
On 11/5/2010, ETF - AGQ - PROSHARES ULTRA SILVER ETF closed   above the upper band by 19.7%.


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.