02/02/2011 - US Dollar Index

THE VULCAN REPORT
Review of $DX - US DOLLAR INDEX ICE Continuous (@:DXc1#I)
as of Tuesday, February 01, 2011


Today's Price Action


Change   -0.6720 (-0.86%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -43.17
Swing Vix:    -43.02


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    1 period(s) ago. The Swing Vix is below -39.  This is where it usually bottoms.  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 42 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period low while the Swing Vix has not.  This is a bullish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if an upside breakout occurs.
      
  *Since the last Swing Vix signal, $DX - US DOLLAR INDEX ICE Continuous's price has decreased 0.86%, and has ranged from a high of 78.4700 to a low of 77.0850.


     MOMENTUM


     MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.


        TREND STRENGTH - WEAK - RANGE BOUND  (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -  82.0175
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -  80.5972
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  79.4247 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  78.2995 


INTRADAY PRICE PROJECTIONS
RESISTANCE  77.6314
SUPPORT  77.2436


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  78.5700
PulseWave BreakOut SUPPORT -  77.7050


Long term Trend Line resistance is currently at -  82.0175
Long term Trend Line support is currently at -  75.2350
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =  61.6700


DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =  48.1050
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =  34.5400
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =  20.9750


VOLATILITY
On 2/1/2011, $DX - US DOLLAR INDEX ICE Continuous closed   
above the lower band by 9.4%.

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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