Constructed
and written by Smartbiz
Intraday
Oscillator: Market sentiment followed the index to recover from two-day selling.
The Oscillator opened in positive tone but lingering in tight range to end at
+460.97; lost 77.40 compared to its opening point at +538.37. The Average
recorded
a
gain of 377.07 surged 1,487.90 points when compared with -1,110.83 of the previous
session.
MSCD: After
today’s market, %K hooked sharply up but the Histogram shows no significant
improvement as it printed a slightly longer bar in the negative zone.
MSCD data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 3/9/2012 | 201.83 | 162.95 | 124.00 | 96.42 | 27.66 |
| 4/9/2012 | 239.11 | 174.67 | 132.53 | 101.61 | 30.56 |
| 5/9/2012 | 976.74 | 298.03 | 195.08 | 133.43 | 45.03 |
| 6/9/2012 | 1110.83 | 423.04 | 262.94 | 168.97 | 68.05 |
| 7/9/2012 | 377.07 | 299.98 | 215.51 | 149.11 | 71.33 |
| LAST+- | 1487.90 | 123.06 | 47.42 | 19.85 | 3.28 |
Conclusion:
Market sentiment recovered in cautious mode today but total
volume decreased to 1.15 bn compared with 1.30 bn yesterday. Overall market is treading
water as prediction of the Date of General Election prevails again.
Chart shows market base remains fragile.
Note: Explanation on Intra-Day MSO and MSCD are
archived under "Labels" at the sidebar.
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