Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz

Intraday Oscillator: Market sentiment sank into pure pessimism as the key index suffered a deep correction today. The Oscillator tumbled to end at -1,221.17; lost 1,130.98 compared to its opening point at -90.19. The Average recorded a loss of 976.74 slashed by 737.63 when compared with -239.11 of the previous session.

MSCD: After today’s market, %K looks like falling from a cliff and is well below the new downtrend channel that projected yesterday. The Histogram printed a long bar in the negative zone.

MSCD data are appended as below:

DATE	A_OSC	%K	%D	%A	HGM
29/8/2012	48.64	133.78	104.98	86.45	21.52
30/8/2012	277.51	155.89	117.77	93.39	24.84
3/9/2012	201.83	162.95	123.99	97.34	27.66
4/9/2012	239.11	174.67	132.52	102.49	30.56
5/9/2012	976.74	298.03	195.08	134.28	45.04
LAST+-	737.63	123.36	62.56	31.79	14.48

Conclusion:

This is the storm that I have mentioned before but still considered as moderate because total volume remains almost the same as yesterday’s market. There might be some nibbling tomorrow after today’s selling but should only be confined to numbers of quality stocks. Retailers should stay at bay until we see some positive signals from the chart.

Note: Explanation on Intra-Day MSO and MSCD are archived under "Labels" at the sidebar.