Constructed
and written by Smartbiz
Intraday
Oscillator: Market sentiment motivated by the significant gain of the Dow
Jones opened with strong notes. But the oscillator was seen lingering in tight
range for the whole session. Only last hour buying pushed it to end at +659.69;
gained 102.73 compared to its opening point at +556.96. The Average
recorded
a
gain of 523.51, added another 439.62 points compared to +83.88 of the previous
session.
MSCD: After
today’s market, %K surged to cut %D decisively and by passed the downtrend
channel in one shot. The Histogram printed
another shorter bar to continue its bottom-rounding process.
MSCD data are appended as below:
DATE | A_OSC | %K | %D | %A | HGM |
10/9/2012 | 216.15 | 287.09 | 215.58 | 148.70 | 71.34 |
11/9/2012 | 623.54 | 338.83 | 245.81 | 165.97 | 75.67 |
12/9/2012 | 31.97 | 281.80 | 225.23 | 158.77 | 71.85 |
13/9/2012 | 83.88 | 225.56 | 202.32 | 149.95 | 62.13 |
14/9/2012 | 523.51 | 110.35 | 148.54 | 125.46 | 42.07 |
LAST+- | 439.62 | 115.21 | 53.78 | 24.49 | 20.06 |
Conclusion:
Sentiments across Asian region were cheered by Federal
Reserve’s decision to unleash more stimuli for its slow economic growth. Local
market took the clue with buyers leaped into the market buying both blue chips
and low-liners. However, sentiment remained cautious as total volume didn’t
really tally with the positive mood.
Based on charts, market sentiment has abruptly reversed from
pure pessimism to optimism. But, technically, the sustainability needs more confirmation
as %D stays below %A and the Histogram hasn’t completed its bottom-rounding
process yet.
The “Fast-in fast-out” is still a good strategy at this moment.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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