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Tuesday, August 9, 2011

8/10/2011 - US DOLLAR INDEX


THE VULCAN REPORT
Review of $0$ DX - US DOLLAR INDEX ICE Continuous (@:DXC1#I)
as of Tuesday, August 09, 2011


Today's Price Action


Change   -1.0000 (-1.33%) prices closed lower than they opened. with weak Bids going into the close. 


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.  It then signifies that the momentum may be shifting from the bulls to the bears.  


If the engulfing bearish pattern occurs during a downtrend (which appears to be the case with $0$ DX - US DOLLAR INDEX ICE Continuous), 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:     -1.93
Swing Vix:     -1.98


The Market Pulse is negative since it is trading below 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 not currently in a topping (above 39) or bottoming (below -39) range.    
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.  


*The last signal was a Over-Sold Buy  8 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, $0$ DX - US DOLLAR INDEX ICE Continuous's price has decreased 0.39%, and has ranged from a high of  75.64 to a low of  73.66.


     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 bottom. This means that the bears are liquidating short positions thus taking some profit off the table.,,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. -    78.25
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    77.22


INTRADAY PRICE PROJECTIONS
RESISTANCE    75.16 place stoploss here GO LONG here
SUPPORT    73.93 GO SHORT here place stoploss here


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    76.55 place stoploss here 
PulseWave BreakOut SUPPORT -    73.06 GO SHORT here 


Long term Trend Line resistance is currently at -    78.25
Long term Trend Line support is currently at -    72.86
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    62.08


DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =    51.31
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =    40.53
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =    29.76


VOLATILITY
On 8/9/2011, $0$ DX - US DOLLAR INDEX ICE Continuous closed   
above the lower band by 20.0%.

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