Constructed
and written by Smartbiz
Intraday
Oscillator: Market sentiment was affected by the sharp fall of the key index
today. The sharp fall was due to Future sell-down by certain big fund according
to analysts. Though the index recovered
most of its losses but market confidence has been hurt. The oscillator was seen
lingering in tight range to end at -553.13; lost 87.94 compared to its
opening point at -465.19. The Average recorded a loss of 514.70; lost 503.92 points
compared to -10.78 of the previous session.
MSCD: After
today’s market, %K fell below %D and the Histogram printed a longer bar in the
negative zone.
MSCD data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 18/9/2012 | 68.96 | 103.99 | 142.64 | 122.99 | 25.93 |
| 19/9/2012 | 6.14 | 88.94 | 132.52 | 118.74 | 12.03 |
| 20/9/2012 | 411.50 | 138.55 | 153.20 | 129.38 | 6.69 |
| 21/9/2012 | 10.78 | 118.90 | 142.64 | 125.07 | 0.60 |
| 24/9/2012 | 514.70 | 179.77 | 170.21 | 139.24 | 2.40 |
| LAST+- | 503.92 | 60.87 | 27.57 | 14.17 | 1.79 |
Conclusion:
Market sentiment was hurt by unexpected sell-down of KLCI Future
and slid into skepticism again. However, as the sell-down is not something
fundamental, today’s response might be overdone.
As mentioned before, market base is fragile and will be easily
be affected by adverse issue. Let’s see what will be the development of
tomorrow’s market.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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