THE VULCAN REPORT
Review of CHINA - ACI - ARCH COAL ORD (ACI)
as of Wednesday, January 26, 2011
Today's Price Action
Change 0.9000 (2.80%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -25.71
Swing Vix: -27.58
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 0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days 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 79 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, CHINA - ACI - ARCH COAL ORD's price has been unchanged, and has ranged from a high of 33.3200 to a low of 32.3440.
MOMENTUM
MARKET TREND - Currently the TREND is Slightly Bullish - .
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.,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 27.7950
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 26.2514
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 31.7283
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 33.0236
INTRADAY PRICE PROJECTIONS
RESISTANCE 33.1004
SUPPORT 32.5636
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 33.8900
PulseWave BreakOut SUPPORT - 31.0500
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 53.9100
Long term Trend Line resistance is currently at - 36.5000
Long term Trend Line support is currently at - 27.7950
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 106.1400
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 88.7300
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 71.3200
VOLATILITY
On 1/26/2011, CHINA - ACI - ARCH COAL ORD closed
above the lower band by 29.2%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
isk Disclosure
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