8/15/2011 - DJI - YM Mini Dow Jones FUTURES ($DJI)

THE VULCAN REPORT
Review of $0$ DJI - YM Mini Dow Jones FUTURES ($DJI)
as of Friday, August 12, 2011


Today's Price Action


Change  166.0000 (1.50%) prices closed higher than they opened.  with strong Bids going into the close.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -25.46
Swing Vix:    -27.34


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    3 period(s) ago. 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-Sold Buy  3 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, $0$ DJI - YM Mini Dow Jones FUTURES's price has decreased 0.11%, and has ranged from a high of 11,309.00 to a low of 10,401.00.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.


        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.,,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 11,388.64
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 11,725.40


INTRADAY PRICE PROJECTIONS
RESISTANCE 11,329.85 -  GO LONG here 11,566.67 place stoploss here 10,732.67


SUPPORT 10,871.15 -  -  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 12,870.00-  


PulseWave BreakOut SUPPORT - 12,132.33-  


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 11,388.64
Long term Trend Line support is currently at - 9,936.62
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 7,032.58


VOLATILITY
On 8/12/2011, $0$ DJI - YM Mini Dow Jones FUTURES closed   
above the lower band by 24.7%.
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.