综合指数 2009年 8月 19日
如图中箭头A所示，由于布林频带（Bollinger Bands）进一步打开41%，而综指始终处于布林中频带（Bollinger Middle Band）以下，所以综指下跌8.88点 ，跌破了1163点的费氏线支持水平，所以1163点反过来成为综指的阻力水平，综指当前的支持水平处于1132点的费氏线。
Composite Index 19/08/2009
As indicated by A, the Bollinger Bands (BB) continues to expand 41%, while the KLCI remains below the Bollinger Middle Band (BMB), therefore, the KLCI lose another 8.88 pt. The KLCI fell below the Fibonacci Retracement (FR) support level at 1163 pt, so the 1163 pt had became the KLCI resistance, on the other hand, a new support level is now at 1132 pt FR.
Though the KLCI started to fall after hitting 1196.46, the KLCI is yet to break below the 14, 21 and 31 days Exponential Moving Average (EMA), this means that the KLCI is still supported by the long term up trend EMA. In other words, if the KLCI should break below 31 days EMA, the risk of the KLCI going lower would be higher.
As indicated by B, volume traded decreased 12.8%, and therefore, volume fell below 40 days Volume Moving Average (40-day VMA level); this is normal when the KLCI is on a down trend, as investors choose to reduce their position while remain on the sidelines.
As indicated by C, the Stochastic failed to break above the 30% level, this means that the KLCI short term is still weak. The KLCI will remain in a short term down trend, until the Stochastic should break above 30%.
Since the KLCI has broken below the Bollinger Middle Band, the KLCI has started its downtrend, and should the KLCI break below the 31-day EMA, the KLCI would then confirm the end of a long term up trend. In conclusion, the KLCI short term will be on a down trend, until the Bollinger Bands begins to contract or the Stochastic successfully breaking above the 30% level.