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Vulcan Trader · Sep 12, 2011

Quote from Vulcan Trader:

Friday, September 2, 2011
9/2/2011 - QLD - PROSHARES ULTRA QQQ ETF

THE VULCAN REPORT
Review of $0$ QLD - PROSHARES ULTRA QQQ ETF (QLD)
as of Thursday, September 01, 2011

Today's Price Action

Change -1.5800 (-1.96%) prices closed lower than they opened. with weak Bids going into the close.

MARKET SENTIMENT

PulseScan Swing Vix

PulseScan: 35.03
Swing Vix: 30.84

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 5 period(s) ago. The Swing Vix is above 29. This is where it usually forms Resistance. The Swing Vix usually forms Resistance before the underlying security.CRASH ALERT - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projections
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 17 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.The Swing Vix has set a new 14-period high while the security price has not. This is a bullish divergence. Since the PulseScan leads the market 3-5 days out We will wait to see if an upside breakout occurs.

*Since the last Swing Vix signal, $0$ QLD - PROSHARES ULTRA QQQ ETF's price has increased 10.58% , and has ranged from a high of 82.43 to a low of 69.61.

MOMENTUM

MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 73.93.

TREND STRENGTH - ,,,BEARISH MOMENTUM

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 73.93

The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 80.12

INTRADAY PRICE PROJECTIONS
RESISTANCE 82.31 -

SUPPORT 78.50 - GO SHORT here 76.45 - place stoploss here 83.39

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 80.95-

PulseWave BreakOut SUPPORT - 63.60- GO SHORT here 63.60 place stoploss here 83.39

MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 73.93
Long term Trend Line support is currently at - 50.77
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 4.46

VOLATILITY
On 9/1/2011, $0$ QLD - PROSHARES ULTRA QQQ ETF closed
below the upper band by 24.9%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
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PANIC SELLING HAS NOW GAINED FULL STRENGTH WITH THE DOW ALREADY DOWN OVER 200 POINTS IN PRE-MARKET. FUTURES HAVE BEEN GATHERING DOWNSIDE MOMENTUM.

iceman1 · Sep 13, 2011

Quote from Vulcan Trader:

PANIC SELLING HAS NOW GAINED FULL STRENGTH WITH THE DOW ALREADY DOWN OVER 200 POINTS IN PRE-MARKET. FUTURES HAVE BEEN GATHERING DOWNSIDE MOMENTUM.
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I am just curious what your problem is?

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iceman1