Local sentiment battered by heavy selling pressure progressed from bad to worse as the key index lost more than 10 points at one time today. The Oscillator opened in the red and ended at -1,419.94; lost 1,177.22 when compares with its opening point. The Average recorded a loss of 1,014.72.
After today’s market, both indicators fell sharply and the Histogram printed yet another shorter bar in the positive zone.
Market sentiment subsided after today’s across-the –board selling. In MSCD, %K fell and cut %D decisively with both indicators fell off from the support. As the Histogram almost completed its round-top process it will soon proceed into the negative zone.
Market sentiment has reversed into a bearish trend, based on charts.
(Note: Explanation for Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.)
No comments:
Post a Comment