Constructed
and written by Smartbiz
Intraday
Oscillator: Market sentiment stayed in doldrums with the oscillator opened
in the red and ended at -142.23; lost 56.08 compared to its opening
point
at -86.15. The Average recorded a loss of 151.39; weakened by 78.35
points compared to -73.04 of the previous session.
MSCD: After
today’s market, %K almost parallels to %D and the Histogram printed a shorter
bar in the negative zone.
MSCD data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM | |||
| 20/9/2012 | 411.50 | 138.55 | 153.20 | 129.00 | 6.69 | |||
| 21/9/2012 | 10.78 | 118.90 | 142.64 | 124.70 | 0.60 | |||
| 24/9/2012 | 514.70 | 179.77 | 170.21 | 138.88 | 2.39 | |||
| 25/9/2012 | 73.04 | 163.36 | 163.01 | 136.49 | 1.98 | |||
| 26/9/2012 | 151.39 | 161.52 | 162.15 | 137.03 | 1.46 | |||
| LAST+- | 78.35 | 1.84 | 0.86 | 0.54 | 0.5 |
Conclusion:
Investors stayed at bay amidst global uncertainties.
MSCD is directionless, accurately depicts investors’ hesitation
in taking positions. This scenario will continue until %K makes a big move.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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