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I worked on Wall Street as a Systems developer and Money Manager. I run a private equity fund as a hired gun. I currently work with a broad base of private funds. I am very selective in whom I except as a client. My services are normally not open to the general public due to the secure nature of... More
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  • 12/08/2010 - AGQ 0 comments
    Dec 8, 2010 7:16 AM | about stocks: AGQ
     Wednesday, December 8, 2010
    12/08/2010 - AGQ
     
    THE VULCAN REPORT
    Review of $AGQ - PROSHARES ULTRA SILVER ETF (NYSEARCA:AGQ)
    as of Tuesday, December 07, 2010


    Today's Price Action


    Change  -15.3550 (-10.01%) 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. 


    An engulfing bearish line occurred (where a black candle's real body completely contains the previous white candle's real body).  The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with $AGQ - PROSHARES ULTRA SILVER ETF).  It then signifies that the momentum may be shifting from the bulls to the bears.  


    If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal.  The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.


         MARKET SENTIMENT
      
    PulseScan Swing Vix


    PulseScan:     35.73
    Swing Vix:     36.46


    The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysHowever, the Swing Vix just crossed below 39 from a topping formation.  This is a bearish sign.  
    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  0 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, $AGQ - PROSHARES ULTRA SILVER ETF's price has been unchanged, and has ranged from a high of 158.2300 to a low of 137.1400.


         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. -  99.8900
    The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -  75.4472
    The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 108.2704 
    The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 137.1776 


    INTRADAY PRICE PROJECTIONS
    RESISTANCE 153.4847
    SUPPORT 141.8853


    WEEKLY PULSE WAVE PRICE PROJECTIONS
    PulseWave BreakOut RESISTANCE - 158.2300
    PulseWave BreakOut SUPPORT - 119.1600


    MONTHLY PRICE PROJECTIONS
    BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 274.9100
    Long term Trend Line resistance is currently at - 158.2300
    Long term Trend Line support is currently at -  99.8900


    MONTHLY PRICE PROJECTIONS
    BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 624.9500
    BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 508.2700
    BUBBLE PHASE I - (24-36mo) PRICE TARGET = 391.5900


    VOLATILITY
    On 12/7/2010, $AGQ - PROSHARES ULTRA SILVER ETF closed   
    below the upper band by 26.9%.
    This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.     



































































    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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    BULLS make money... BEARS make money.... PIGS get slaughtered!

     "TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
    Themes: AGQ Stocks: AGQ
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