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Tuesday, August 9, 2011

8/9/2011 - NIKKEI


THE VULCAN REPORT
Review of Nikkei 225 Ind Futures Globex CME Continuous (us@NKD.1)
as of Monday, August 08, 2011


Today's Price Action


Change  -595.0000 (-6.37%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -36.15
Swing Vix:    -31.41


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    8 period(s) ago. The Swing Vix is below -29.  This is where it usually forms Support.  The Swing Vix usually forms Support 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 20 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, Nikkei 225 Ind Futures Globex CME Continuous's price has decreased 11.93%, and has ranged from a high of 10,085.00 to a low of 8,705.00.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.


        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. - 9,555.00
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 9,880.95


INTRADAY PRICE PROJECTIONS
RESISTANCE 9,287.75 place stoploss here 
SUPPORT 8,677.25 GO SHORT here 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 10,236.67  
PulseWave BreakOut SUPPORT - 9,223.33  


Long term Trend Line resistance is currently at - 9,555.00
Long term Trend Line support is currently at - 8,200.00
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 5,490.00


DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET = 2,780.00
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =    70.00
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET = -2,640.00


VOLATILITY
On 8/8/2011, Nikkei 225 Ind Futures Globex CME Continuous closed below the lower band by 30.2%.  

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