Composite Index 14/08/2009
As indicated by A, the KLCI is supported today by the 1186 pt WinChart Automatic Fibonacci Retracement (WAFR), and the KLCI rebounded up to 1196.46 pt; however, closing at 1188.57 pt, gaining only 2.38 points, this indicates that the 1186 pt WAFR remains as the KLCI support level, while 1200 continue to be the psychological resistance.
The Bollinger Bands contracted another 33%, causing the Bollinger Bands to form a very tight band, this indicates that the KLCI has reached a breaking point of breaking away from the consolidation, in other words, should the Bollinger Bands expands in the near future, the KLCI consolidation will end and the KLCI shall begin an all new trend.
As indicated by B, volume trade was 7.7% lower; fortunately, its still able to hold on the level of 40 days Volume Moving Average (VMA), this means trading activities are still adequate, and this would be a positive element which could help the KLCI in moving higher.
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As indicated by C, the Stochastic slipped a little, but it is still able to close above 70%; therefore, the KLCI short term outlook is still positive biased, in other words, if the Stochastic should fall below 70%, the KLCI short term trend would be weakening.
Without any fresh lead, the KLCI continue to consolidate, this is shown in the very narrow Bollinger Bands, and that is why the KLCI is showing no clear sign of the next trend. On the other hand, the narrow Bollinger Bands also causing secondary indicators to over react, this is the result of long consolidation stage of the KLCI. Generally, a new trend of the KLCI is due to embark, and the Bollinger Bands will be the perfect indicator to detect the new trend when its begins to expand; further more, a very narrowed Bollinger Bands suggests that the timing of new trend could be just around the corner.
综合指数 2009年 8月 14日
如图中箭头A所示，富时综合指数在下滑至1186点后回弹，一度上探至1196.46点，惟综指最终以1188.57点闭市，按日微扬2.38点，这意味着1186点的费氏线继续成为综指的支持水平，阻力水平则处于1200点的心理阻力水平。
如图所示，布林频带（Bollinger Bands）进一步收窄33%，这使到布林频带形成了一个非常窄小的格局，这表示综指已经越来越接近摆脱横摆巩固的临界点，换句话说，布林频带将短期内打开，届时综指将停止横摆巩固，开始新的趋势。
如图中箭头B所示，成交量微跌7.7%，惟成交量仍然成功的守住40天成交量移动平均线（VMA）的水平，所以市场交投仍然活跃，这对综指上扬的趋势有着保温的作用。
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如图中箭头C所示，随机指标（Stochastic）稍微下滑，惟还是保持在70%以上，所以综指的短期走势仍然属于偏强。换句话说，接下来若随机指标跌破70%，综指的短期走势将有出现转弱的可能。
由于缺乏新的有利因素，综指进一步盘整，这使到布林频带收得非常窄小，所以综指并未发出任何明确的讯号。另一方面，由于布林频带收窄，所以技术指标纷纷出现过敏的迹象，这是综指横摆巩固过久所致。总的来说，综指正等待布林频带打开的讯号，才会发出新趋势的方向指示，这将是第一个发出综指新趋势的指标，而由于布林频带非常窄小，所以近期内将重新开始打开，将明确的发出指示综指新趋势的讯号。
As indicated by A, the KLCI is supported today by the 1186 pt WinChart Automatic Fibonacci Retracement (WAFR), and the KLCI rebounded up to 1196.46 pt; however, closing at 1188.57 pt, gaining only 2.38 points, this indicates that the 1186 pt WAFR remains as the KLCI support level, while 1200 continue to be the psychological resistance.The Bollinger Bands contracted another 33%, causing the Bollinger Bands to form a very tight band, this indicates that the KLCI has reached a breaking point of breaking away from the consolidation, in other words, should the Bollinger Bands expands in the near future, the KLCI consolidation will end and the KLCI shall begin an all new trend.
As indicated by B, volume trade was 7.7% lower; fortunately, its still able to hold on the level of 40 days Volume Moving Average (VMA), this means trading activities are still adequate, and this would be a positive element which could help the KLCI in moving higher.
.jpg)
As indicated by C, the Stochastic slipped a little, but it is still able to close above 70%; therefore, the KLCI short term outlook is still positive biased, in other words, if the Stochastic should fall below 70%, the KLCI short term trend would be weakening.Without any fresh lead, the KLCI continue to consolidate, this is shown in the very narrow Bollinger Bands, and that is why the KLCI is showing no clear sign of the next trend. On the other hand, the narrow Bollinger Bands also causing secondary indicators to over react, this is the result of long consolidation stage of the KLCI. Generally, a new trend of the KLCI is due to embark, and the Bollinger Bands will be the perfect indicator to detect the new trend when its begins to expand; further more, a very narrowed Bollinger Bands suggests that the timing of new trend could be just around the corner.
综合指数 2009年 8月 14日如图中箭头A所示，富时综合指数在下滑至1186点后回弹，一度上探至1196.46点，惟综指最终以1188.57点闭市，按日微扬2.38点，这意味着1186点的费氏线继续成为综指的支持水平，阻力水平则处于1200点的心理阻力水平。
如图所示，布林频带（Bollinger Bands）进一步收窄33%，这使到布林频带形成了一个非常窄小的格局，这表示综指已经越来越接近摆脱横摆巩固的临界点，换句话说，布林频带将短期内打开，届时综指将停止横摆巩固，开始新的趋势。
如图中箭头B所示，成交量微跌7.7%，惟成交量仍然成功的守住40天成交量移动平均线（VMA）的水平，所以市场交投仍然活跃，这对综指上扬的趋势有着保温的作用。
.jpg)
如图中箭头C所示，随机指标（Stochastic）稍微下滑，惟还是保持在70%以上，所以综指的短期走势仍然属于偏强。换句话说，接下来若随机指标跌破70%，综指的短期走势将有出现转弱的可能。由于缺乏新的有利因素，综指进一步盘整，这使到布林频带收得非常窄小，所以综指并未发出任何明确的讯号。另一方面，由于布林频带收窄，所以技术指标纷纷出现过敏的迹象，这是综指横摆巩固过久所致。总的来说，综指正等待布林频带打开的讯号，才会发出新趋势的方向指示，这将是第一个发出综指新趋势的指标，而由于布林频带非常窄小，所以近期内将重新开始打开，将明确的发出指示综指新趋势的讯号。
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