Constructed
and written by Smartbiz
Intraday
Oscillator: Market sentiment was lackluster today due to the long holiday. The
Oscillator was free-fall to end at -418.51; lost 412.12 compared to its
opening point at -6.39. The Average recorded a loss of 277.51 lost 228.86 when
compared with -48.64 of the previous session.
MSCD: After
today’s market, %K reversed downwards below the uptrend channel. The Histogram printed
yet another longer bar in the negative zone.
MSCD data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 24/8/2012 | 336.34 | 117.03 | 90.05 | 77.66 | 11.91 |
| 27/8/2012 | 126.71 | 118.52 | 92.77 | 79.44 | 14.68 |
| 28/8/2012 | 318.39 | 149.26 | 109.49 | 88.13 | 19.69 |
| 29/8/2012 | 48.64 | 133.78 | 104.98 | 86.69 | 21.52 |
| 30/8/2012 | 277.51 | 155.89 | 117.76 | 93.63 | 24.84 |
| LAST+- | 228.86 | 22.10 | 12.78 | 6.94 | 3.32 |
Conclusion:
Market sentiment failed to buck up even the key index gradually
recouped its losses, today. Investors were simply lack of confidence to follow the
index which was only supported by a handful of government-linked counters.
However, the index returned more than 4 point to end at 1,646.11 (+0.53) just a
minute before closing. Today, low-liners were quiet again compared to yesterday’s
market.
Chart shows market sentiment continued to subside with no sign of
recovery.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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