Friday, January 28, 2011
Review of $DJI - YM Mini Dow Jones FUTURES ($DJI)
as of Thursday, January 27, 2011
Today's Price Action
Change with weak Bids going into the close. 4.3896 (0.04%) prices closed higher than they opened.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
PulseScan Swing Vix
Swing Vix: 44.25
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 8 period(s) ago. The Swing Vix is above 39. This is where it usually tops. 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 18 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.
*Since the last Swing Vix signal, $DJI - YM Mini Dow Jones FUTURES's price has increased 1.72% , and has ranged from a high of 12,020.5195 to a low of 11,698.8301.
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 10,817.4199
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 10,761.3105
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 11,485.6768
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 11,877.0518
INTRADAY PRICE PROJECTIONS
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 11,742.6797
PulseWave BreakOut SUPPORT - 11,573.8701
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 14,426.7188
Long term Trend Line resistance is currently at - 12,020.5195
Long term Trend Line support is currently at - 10,817.4199
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 21,645.3164
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 19,239.1172
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 16,832.9180
On 1/27/2011, $DJI - YM Mini Dow Jones FUTURES closed
below the upper band by 8.7%.
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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