9/29/2011 - DJI - YM Mini Dow Jones FUTURES

THE VULCAN REPORT
Review of $0$ DJI - YM Mini Dow Jones FUTURES ($DJI)
as of Wednesday, September 28, 2011


Today's Price Action


Change  -147.0000 (-1.32%) prices closed lower than they opened. with weak Bids going into the close. 




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -8.43
Swing Vix:     -8.90


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 CRASH ALERT  - (Short-term Market Top) Possible Selloff is likely do to weak 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-Sold Buy 36 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 been unchanged, and has ranged from a high of 11,242.00 to a low of 10,919.00.


     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. - 11,620.83


The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 11,603.24




INTRADAY PRICE PROJECTIONS
RESISTANCE 11,369.00 -   


SUPPORT 10,723.00 - GO SHORT here 10,902.85 - place stoploss here 11,369.00 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 11,602.33-  


PulseWave BreakOut SUPPORT - 10,221.00- GO SHORT here 10,221.00 place stoploss here 11,369.00




MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 11,620.83
Long term Trend Line support is currently at - 10,401.00
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 7,961.34


VOLATILITY
On 9/28/2011, $0$ DJI - YM Mini Dow Jones FUTURES closed   
above the lower band by 32.2%.