4/30/2012 - THE VULCAN REPORT Review of $0$ AAPL - APPLE ORD (AAPL) as of Friday, April 27, 2012

THE VULCAN REPORT
Review of $0$ AAPL - APPLE ORD (AAPL)
as of Friday, April 27, 2012

Today's Price Action

Change   -5.0699 (-0.83%) prices closed lower than they opened.  with strong Bids going into the close.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

     MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:      6.06
Swing Vix:      3.78

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    2 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-Bought Sell 81 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, $0$ AAPL - APPLE ORD's price has decreased 1.42%, and has ranged from a high of 618.00 to a low of 600.50.

     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. -   477.25

The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -   439.65


INTRADAY PRICE PROJECTIONS
RESISTANCE   609.02 -  WEEKLY PULSE WAVE GO LONG here   606.46 place stoploss here   600.22

SUPPORT   597.66 - WEEKLY PULSE WAVE GO SHORT here   600.22 - place stoploss here   618.60



MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =   977.50
Long term Trend Line resistance is currently at -   644.00
Long term Trend Line support is currently at -   477.25





VOLATILITY
On 4/27/2012, $0$ AAPL - APPLE ORD closed 
above the lower band by 44.6%.
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.