Constructed
and written by Smartbiz
Intraday Oscillator: Market sentiment followed the key index lost strength before the break. The oscillator slid to end at -84.38; lost 156.31 compared to its opening point at +71.93. The Average recorded a loss of 68.96, weakened by 592.47 points compared to +523.51 of the previous session.
Intraday Oscillator: Market sentiment followed the key index lost strength before the break. The oscillator slid to end at -84.38; lost 156.31 compared to its opening point at +71.93. The Average recorded a loss of 68.96, weakened by 592.47 points compared to +523.51 of the previous session.
MSCD: After
today’s market, %K was almost flat but the Histogram continued its bottom-rounding
process by printing another shorter bar.
MSCD data are appended as below:
DATE | A_OSC | %K | %D | %A | HGM |
11/9/2012 | 623.54 | 338.83 | 245.81 | 165.85 | 75.67 |
12/9/2012 | 31.97 | 281.80 | 225.23 | 158.66 | 71.85 |
13/9/2012 | 83.88 | 225.56 | 202.32 | 149.84 | 62.13 |
14/9/2012 | 523.51 | 110.35 | 148.54 | 125.36 | 42.07 |
18/9/2012 | 68.96 | 103.99 | 142.64 | 123.31 | 25.92 |
LAST+- | 592.47 | 6.37 | 5.90 | 2.05 | 16.14 |
Market sentiment followed regional market took a rest today
after last week’s excitement. Profit taking was mild as total volume decreased
to less than 9mln shares.
Based on charts, market sentiment remains steady but progresses
with cautiousness after the recent deep correction. So long as the Histogram’s
bottom-rounding process is running smoothly, market sentiment will slowly regain
strength.
However, market base is still fragile from the reading of the
charts.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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