12/20/2010 - Silver Spot/Futures

THE VULCAN REPORT
Review of $SI - SILVER 5000 ELECTRONIC Continuous (@:1SIc1#I)
as of Friday, December 17, 2010


Today's Price Action


Change   35.6001 (1.24%) prices closed higher than they opened.  with strong Bids going into the close.


A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     16.30
Swing Vix:     15.59


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    2 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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  8 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 0.38%, and has ranged from a high of 2,925.0000 to a low of 2,840.0000.


     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. - 2,275.6499
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,054.2065
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 2,580.8132 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 2,884.4382 
Today's Rally pushed prices on the close above the short term trendline support


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,913.7500
SUPPORT 2,886.2500


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,976.5000
PulseWave BreakOut SUPPORT - 2,801.0000


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 4,655.7002
Long term Trend Line resistance is currently at - 3,069.0000
Long term Trend Line support is currently at - 2,275.6499


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 9,415.7998
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 7,829.0996
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 6,242.3999


VOLATILITY
On 12/17/2010, $SI - SILVER 5000 ELECTRONIC Continuous closed   
below the upper band by 32.8%.