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11/28/2011 - Dow

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), UDOW

 Friday, January 28, 2011

11/28/2011 - Dow
 
THE VULCAN REPORT
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.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     44.59
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.


     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. - 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
RESISTANCE 12,008.8203
SUPPORT 11,982.6406


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


VOLATILITY
On 1/27/2011, $DJI - YM Mini Dow Jones FUTURES closed   
below the upper band by 8.7%.


 
 
Risk Disclosure

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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