Constructed
and written by Smartbiz
Intraday
Oscillator: Market sentiment slumped into pessimism again as the key index
lost nearly 20 points before the break. The Oscillator slid deep into the red to
end at -684.26; lost 615.59 compared to its opening point at -68.67.
The Average recorded a loss of 623.54, shed another 407.39 points compared to -216.15
of the previous session.
MSCD: After
today’s market, %K reversed downwards and the Histogram printed another longer bar
in the negative zone.
MSCD data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 5/9/2012 | 976.74 | 298.03 | 195.09 | 131.74 | 45.02 |
| 6/9/2012 | 1110.83 | 423.04 | 262.95 | 167.34 | 68.04 |
| 7/9/2012 | 377.07 | 299.98 | 215.52 | 147.55 | 71.32 |
| 10/9/2012 | 216.15 | 287.09 | 215.57 | 150.04 | 71.36 |
| 11/9/2012 | 623.54 | 338.83 | 245.80 | 167.26 | 75.69 |
| LAST+- | 407.39 | 51.75 | 30.23 | 17.22 | 4.34 |
Conclusion:
Market sentiment will continue to soak in bearishness until %K reverses
to cut %D decisively. Meantime, any gain should be deemed temporarily as
investor would take profit on market strength.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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