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7/12/2011 - MINI DOW FUTURES

|Includes: DDM, SPDR Dow Jones Industrial Average ETF (DIA), UDOW
THE VULCAN REPORT
Review of MINI DOW FUTURES (US@YM.1)
as of Tuesday, July 12, 2011

Today's Price Action

Change  -21.0000 (-0.17%) prices closed lower than they opened.  with strong Bids going into the close.

A hammer occurred (a hammer has a long lower shadow and closes near the high).  Hammers must appear after a significant decline or when prices are oversold to be valid.  When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.
A hanging man occurred (a hanging man has a very long lower shadow and a small real body).  This pattern can be bullish or bearish, depending on the trend.  If it occurs during an uptrend (which appears to be the case with MINI DOW FUTURES) it is called a hanging man line and signifies a reversal top.  If it occurs during a downtrend it is called a bullish hammer.
A long lower shadow occurred.  This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).
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.
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:     35.95
Swing Vix:     38.13

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    2 period(s) ago. However, 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, MINI DOW FUTURES's price has decreased 1.17%, and has ranged from a high of 12,722.00 to a low of 12,319.00.

     MOMENTUM

     MARKET TREND - Currently the TREND is .

        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. - 11,189.50

The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 11,608.70

The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 12,258.03 

The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 12,405.30 

Today's Sell off pushed prices on the close below the short term trendline resistance

INTRADAY PRICE PROJECTIONS
RESISTANCE 12,496.45
SUPPORT 12,310.55

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 12,722.00
PulseWave BreakOut SUPPORT - 11,803.00

MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 16,240.00
Long term Trend Line resistance is currently at - 12,873.00
Long term Trend Line support is currently at - 11,189.50

MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 26,341.00
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 22,974.00
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 19,607.00

VOLATILITY
On 7/12/2011, MINI DOW FUTURES closed   
below the upper band by 26.4%.
Risk Disclosure
General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education onlyThe 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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"TAKE WHAT YOU CAN .........GIVE NOTHING BACK"!!
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.