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Monday, November 26, 2012

Sentiment Index - Malaysia Stock Market

Constructed and written by Smartbiz 

Intraday Oscillator: Local sentiment was subdue amid cautious regional markets. The Oscillator slid to end at -376.24, lost 342.00 compared to its opening point at -34.25. The Average recorded as -212.93; lost 117.05 compared to -329.98 of the previous session.

MSCD: After today’s market, %K continues its southward journey and the Histogram printed another longer bar in the negative zone.

MSCD data are appended as below:

Analysis: MSCD shows market sentiment is in pure pessimism with no sign of reversal just yet. Today, low-liners followed blue chips to trade lower.

The amount of negative news that we have seen recently has been mind-blowing. To name the most concern: Europe is going into recession, Greece and several other countries are on the verge of bankruptcy, the Middle East is in powder crash, and the U.S. is facing a fiscal cliff. All this will make our investment more vulnerable and risky.

Note: Explanation on MSCD can be found under "Label" at the sidebar. 

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