I DONT NEED TO ARGUE. JUST CHECK THE PRICE ACTION ALONG WITH WHAT I POSTED BEFORE THE FACT. LIKE I SAID BEFORE I WILL PUT MY TRADING STATEMENTS AGAINST ANYBODY ON THIS BOARD ANY DAY.
Friday, August 19, 2011 8/19/2011 - THE VULCAN REPORT THE VULCAN REPORT Review of $1$ SLV - SILVER ETF (SLV) as of Thursday, August 18, 2011 Today's Price Action Change prices closed lower than they opened. 0.3300 (0.84%) with strong Bids going into the close. 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. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 6.74 Swing Vix: 3.49 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 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-Bought Sell 16 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, $1$ SLV - SILVER ETF's price has increased 4.92% , and has ranged from a high of 39.87 to a low of 36.94. 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.,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 32.89 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 31.39 INTRADAY PRICE PROJECTIONS RESISTANCE 39.90 - GO LONG here 40.17 place stoploss here 39.07 SUPPORT 39.29 - GO SHORT here 39.07 - place stoploss here 40.17 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 42.72- GO LONG here 42.72 place stoploss here 39.07 PulseWave BreakOut SUPPORT - 34.56- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 79.27 Long term Trend Line resistance is currently at - 48.35 Long term Trend Line support is currently at - 32.89 VOLATILITY On 8/18/2011, $1$ SLV - SILVER ETF closed below the upper band by 25.3%. ======================================== THE VULCAN REPORT Review of $0$ CL - LIGHT CRUDE COMPOSITE Continuous (@:CLC1#I) as of Thursday, August 18, 2011 Today's Price Action Change -5.9400 (-6.80%) 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. 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 $0$ CL - LIGHT CRUDE COMPOSITE 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: -6.97 Swing Vix: -6.96 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 0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysThe 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 7 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, $0$ CL - LIGHT CRUDE COMPOSITE Continuous's price has been unchanged, and has ranged from a high of 87.71 to a low of 81.27. 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. - 92.79 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 92.00 INTRADAY PRICE PROJECTIONS RESISTANCE 88.03 - SUPPORT 80.95 - GO SHORT here 77.03 - place stoploss here 89.91 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 91.57- PulseWave BreakOut SUPPORT - 72.96- GO SHORT here 72.96 place stoploss here 89.91 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 92.79 Long term Trend Line support is currently at - 70.76 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 26.69 VOLATILITY On 8/18/2011, $0$ CL - LIGHT CRUDE COMPOSITE Continuous closed above the lower band by 15.8%. 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. ====================================================== THE VULCAN REPORT Review of $1$ DUG - PROSHARES ULTRASHORT OIL & GAS ETF (DUG) as of Thursday, August 18, 2011 Today's Price Action Change 3.6100 (11.38%) prices closed higher than they opened. with strong Bids going into the close. A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 5 rising windows in the last 50 candles--this makes the current rising window even more bullish. Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -3.43 Swing Vix: -2.44 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 7 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-Bought Sell 7 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, $1$ DUG - PROSHARES ULTRASHORT OIL & GAS ETF's price has increased 0.60% , and has ranged from a high of 40.49 to a low of 30.65. MOMENTUM MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at- 48.01. TREND STRENGTH - ,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 48.01 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 38.04 INTRADAY PRICE PROJECTIONS RESISTANCE 36.13 - GO LONG here 37.41 place stoploss here 32.51 SUPPORT 33.44 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 42.28- GO LONG here 42.28 place stoploss here 32.51 PulseWave BreakOut SUPPORT - 29.29- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 117.57 Long term Trend Line resistance is currently at - 71.20 Long term Trend Line support is currently at - 48.01 VOLATILITY On 8/18/2011, $1$ DUG - PROSHARES ULTRASHORT OIL & GAS ETF closed below the upper band by 22.5%. 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. ===========================================
=========================================== THE VULCAN REPORT Review of $1$ FAZ - FINANCIAL BEAR 3X ETF (FAZ) as of Thursday, August 18, 2011 Today's Price Action Change 8.2300 (14.30%) prices closed higher than they opened. with strong Bids going into the close. A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 5 rising windows in the last 50 candles--this makes the current rising window even more bullish. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -10.96 Swing Vix: -10.55 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 7 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-Bought Sell 7 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, $1$ FAZ - FINANCIAL BEAR 3X ETF's price has increased 7.68% , and has ranged from a high of 81.50 to a low of 54.70. MOMENTUM MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation. 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.,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 62.90 Today's Rally pushed prices on the close above the long term trendline resistance - This is Bullish as the market is now under heavy Accumulation. The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 54.18 Today's Rally pushed prices on the close above the long term trendline resistance - This is Bullish as the market is now under heavy Accumulation. INTRADAY PRICE PROJECTIONS RESISTANCE 67.41 - GO LONG here 69.44 place stoploss here 61.34 SUPPORT 62.96 - GO SHORT here 61.34 - place stoploss here 69.44 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 91.31- GO LONG here 91.31 place stoploss here 61.34 PulseWave BreakOut SUPPORT - 47.36- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 140.45 Long term Trend Line resistance is currently at - 88.75 Long term Trend Line support is currently at - 62.90 VOLATILITY On 8/18/2011, $1$ FAZ - FINANCIAL BEAR 3X ETF closed below the upper band by 24.0%. 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. =========================================== THE VULCAN REPORT Review of $1$ GLD - COMEX Gold FUTURES ETF (GLD) as of Thursday, August 18, 2011 Today's Price Action Change 3.3000 (1.89%) prices closed higher than they opened. with strong Bids going into the close. A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 10 rising windows in the last 50 candles--this makes the current rising window even more bullish. Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 38.85 Swing Vix: 37.28 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 2 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. 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 13 period(s) Ago. The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish. *Since the last Swing Vix signal, $1$ GLD - COMEX Gold FUTURES ETF's price has increased 2.18% , and has ranged from a high of 178.10 to a low of 172.50. MOMENTUM MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation. TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 147.23 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 140.14 INTRADAY PRICE PROJECTIONS RESISTANCE 178.18 - GO LONG here 179.10 place stoploss here 175.72 SUPPORT 176.33 - - WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 152.44- PulseWave BreakOut SUPPORT - 143.56- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 239.85 Long term Trend Line resistance is currently at - 178.10 Long term Trend Line support is currently at - 147.23 VOLATILITY On 8/18/2011, $1$ GLD - COMEX Gold FUTURES ETF closed below the upper band by 4.4%. 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. =========================================== THE VULCAN REPORT Review of $1$ QID - PROSHARES ULTRASHORT QQQ ETF (QID) as of Thursday, August 18, 2011 Today's Price Action Change 5.2000 (9.56%) prices closed higher than they opened. with strong Bids going into the close. A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -0.81 Swing Vix: -0.91 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 0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days 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 16 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, $1$ QID - PROSHARES ULTRASHORT QQQ ETF's price has been unchanged, and has ranged from a high of 60.65 to a low of 57.28. MOMENTUM MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at- 71.29. TREND STRENGTH - ,,BULLISH MOMENTUM, TRENDLINE RETRACEMENT The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 71.29 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 60.99 INTRADAY PRICE PROJECTIONS RESISTANCE 60.82 - GO LONG here 62.54 place stoploss here 55.80 SUPPORT 57.11 - GO SHORT here 55.80 - place stoploss here 62.54 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 66.44- GO LONG here 66.44 place stoploss here 55.80 PulseWave BreakOut SUPPORT - 50.30- MONTHLY PRICE PROJECTIONS BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 148.73 Long term Trend Line resistance is currently at - 97.10 Long term Trend Line support is currently at - 71.29 VOLATILITY On 8/18/2011, $1$ QID - PROSHARES ULTRASHORT QQQ ETF closed below the upper band by 13.9%. 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.
IF LONG INVERSE ETF POSITIONS NOT TRIGGERED BY THE CLOSE I WILL STAY FLAT GOING INTO THE WEEKEND. TOOK PROFIT ON ALL OPEN POSITIONS.
MKT IS NOW CHANGING DIRECTION TO TRENDING. IF WE TAKE OUT TODAYS LOWS THIS SHOULD SET UP A VERY POWERFUL LEG DOWN NEXT WEEK TAKING OUT THE LOWS FROM 8/9/2011. THINGS COULD GET REAL UGLY NEXT WEEK.
Monday, August 29, 2011 8/29/2011 - THE VULCAN REPORT THE VULCAN REPORT Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX) as of Friday, August 26, 2011 Today's Price Action Change 54.0000 (2.56%) prices closed higher than they opened. with strong Bids going into the close. An engulfing bullish line occurred (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend (which appears to be the case with $0$ NDX - NQ E-mini NASDAQ 100 FUTURES). It then signifies that the momentum may be shifting from the bears to the bulls. If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body. MARKET SENTIMENT PulseScan Swing Vix PulseScan: 0.40 Swing Vix: -4.25 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 1 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 13 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, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has increased 2.56% , and has ranged from a high of 2,169.00 to a low of 2,080.75. MOMENTUM MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,091.41. TREND STRENGTH - ,,,BEARISH MOMENTUM TRENDLINE RETRACEMENT The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,091.41 The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,197.03 INTRADAY PRICE PROJECTIONS RESISTANCE 2,173.41 - SUPPORT 2,076.34 - GO SHORT here 2,050.17 - place stoploss here 2,226.67 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 2,239.92- PulseWave BreakOut SUPPORT - 1,981.92- GO SHORT here 1,981.92 place stoploss here 2,226.67 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 2,091.41 Long term Trend Line support is currently at - 1,747.32 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 1,059.14 VOLATILITY On 8/26/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed below the upper band by 49.1%. 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. ============================================================== THE VULCAN REPORT Review of $0$ TNA - DAILY SMALL CAP BULL 3X ETF (TNA) as of Friday, August 26, 2011 Today's Price Action Change 2.6600 (6.69%) prices closed higher than they opened. with strong Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -25.90 Swing Vix: -29.27 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 1 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 10 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, $0$ TNA - DAILY SMALL CAP BULL 3X ETF's price has increased 6.69% , and has ranged from a high of 44.87 to a low of 37.18. 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. - 63.88 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 67.10 INTRADAY PRICE PROJECTIONS RESISTANCE 43.15 - SUPPORT 36.90 - GO SHORT here 35.14 - place stoploss here 46.52 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 50.79- PulseWave BreakOut SUPPORT - 32.48- GO SHORT here 32.48 place stoploss here 46.52 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 63.88 Long term Trend Line support is currently at - 31.50 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = -33.25 VOLATILITY On 8/26/2011, $0$ TNA - DAILY SMALL CAP BULL 3X ETF closed above the lower band by 39.0%. 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. ============================================================== THE VULCAN REPORT Review of $0$ DIG - PROSHARES ULTRA OIL & GAS ETF (DIG) as of Friday, August 26, 2011 Today's Price Action Change 1.4800 (3.79%) prices closed higher than they opened. with strong Bids going into the close. MARKET SENTIMENT PulseScan Swing Vix PulseScan: -19.34 Swing Vix: -22.28 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 1 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 11 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, $0$ DIG - PROSHARES ULTRA OIL & GAS ETF's price has increased 3.79% , and has ranged from a high of 41.90 to a low of 37.42. 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. - 44.58 The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 47.67 INTRADAY PRICE PROJECTIONS RESISTANCE 41.12 - GO LONG here 43.16 place stoploss here 36.12 SUPPORT 37.24 - GO SHORT here 36.12 - place stoploss here 43.16 WEEKLY PULSE WAVE PRICE PROJECTIONS PulseWave BreakOut RESISTANCE - 50.44- PulseWave BreakOut SUPPORT - 33.50- GO SHORT here 33.50 place stoploss here 43.16 MONTHLY PRICE PROJECTIONS Long term Trend Line resistance is currently at - 44.58 Long term Trend Line support is currently at - 25.53 BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = -12.57 VOLATILITY On 8/26/2011, $0$ DIG - PROSHARES ULTRA OIL & GAS ETF closed above the lower band by 37.8%. 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. ==============================================