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01/28/2011 - US Dollar Index

|Includes: PowerShares DB USD Bull ETF (UUP)
Friday, January 28, 2011
01/28/2011 - US Dollar Index
 
THE VULCAN REPORT
Review of $DX - US DOLLAR INDEX ICE Continuous (@:DXc1#I)
as of Thursday, January 27, 2011


Today's Price Action


Change   -0.1810 (-0.23%) prices closed lower than they opened. with weak Bids going into the close. 


A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar.
A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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:    -43.67
Swing Vix:    -42.68


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of   11 period(s) ago. The Swing Vix is below -39.  This is where it usually bottoms.  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 39 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
      
  *Since the last Swing Vix signal, $DX - US DOLLAR INDEX ICE Continuous's price has decreased 2.99%, and has ranged from a high of 81.1450 to a low of 77.7100.


     MOMENTUM


     MARKET TREND - Currently the TREND is .There is currently no trend reading at this time.


        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.,


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -  82.0175
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -  80.6336
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -  79.5904 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. -  78.7008 


INTRADAY PRICE PROJECTIONS
RESISTANCE  78.1517
SUPPORT  77.8382


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -  81.6350
PulseWave BreakOut SUPPORT -  79.0250


Long term Trend Line resistance is currently at -  82.0175
Long term Trend Line support is currently at -  75.2350
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =  61.6700




DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =  48.1050
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =  34.5400
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =  20.9750


VOLATILITY
On 1/27/2011, $DX - US DOLLAR INDEX ICE Continuous closed   
above the lower band by 12.4%.


 
 
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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