02/02/2011 - NASDAQ 100

THE VULCAN REPORT
Review of $NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Tuesday, February 01, 2011


Today's Price Action


Change   43.0400 (1.89%) prices closed higher than they opened.  with strong Bids going into the close.


A rising window occurred  (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.  There have been 4 rising windows in the last 50 candles--this makes the current rising window even more bullish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     10.54
Swing Vix:     10.30


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    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  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, $NDX - NQ E-mini NASDAQ 100 FUTURES's price has been unchanged, and has ranged from a high of 2,329.3401 to a low of 2,296.7400.


     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. - 2,018.0400
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,988.8843
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 2,217.5674 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 2,297.3647 
Today's Rally pushed prices on the close above the short term trendline support


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,322.0051
SUPPORT 2,304.0750


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,336.0400
PulseWave BreakOut SUPPORT - 2,258.0500


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,972.0400
Long term Trend Line resistance is currently at - 2,336.0400
Long term Trend Line support is currently at - 2,018.0400


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 4,880.0400
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 4,244.0400
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 3,608.0400


VOLATILITY
On 2/1/2011, $NDX - NQ E-mini NASDAQ 100 FUTURES closed   
below the upper band by 15.7%.

Risk Disclosure

General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only.The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser.


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.


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