Constructed
and written by Smartbiz
Intraday
Oscillator: Market sentiment failed to sustain its gain but lost strength
again today. The oscillator slid to end at +38.03; lost 81.96 compared to its
opening point at +119.99. The Average recorded a loss of 6.14, improved by 62.82
points compared to -68.96 of the previous session.
MSCD: After
today’s market, %K moved slightly higher and the Histogram almost completed its
bottom-rounding process.
MSCD data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 12/9/2012 | 31.97 | 281.80 | 225.23 | 158.95 | 71.86 |
| 13/9/2012 | 83.88 | 225.56 | 202.32 | 150.12 | 62.14 |
| 14/9/2012 | 523.51 | 110.35 | 148.54 | 125.62 | 42.07 |
| 18/9/2012 | 68.96 | 103.99 | 142.64 | 123.56 | 25.93 |
| 19/9/2012 | 6.14 | 88.94 | 132.52 | 119.29 | 12.02 |
| LAST+- | 62.82 | 15.05 | 10.11 | 4.27 | 13.90 |
Conclusion:
Market sentiment was indifferent to the regional advance but proceeded
in hesitation, today.
Based on charts, market has gradually gained the necessary
confidence to move higher after Federal Reserve announced its stimulus package.
However, investors will still remain cautious due to the uncertainty of local
issue.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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