综合指数 2009年 10月 05日富时综合指数稍微扬升4.36点，以1210.61点挂收，如图中箭头A所示，综指精确的在布林中频带（Bollinger Middle Band）闭市，这显示综指目前遇到布林中频带这道动态阻力，所以接下来若综指能上扬突破布林中频带的话，那综指将能重新返回偏强的趋势。综指当前的支持水平依然落在1200点的心理支持水平，阻力水平则是1248点的费氏线。
如图所示，布林频带（Bollinger Bands）打开的幅度只是1%，这显示布林频带依然属于一个窄小的格局。所以综指的走势依然维持在一个横摆巩固的格局，这也使到综指避开跟随外围股市下滑，继续横摆的走势。
如图中箭头B所示，成交量减少7.4%，所以成交量仍然低于40天成交量移动平均线（VMA），这是因为投资者依然等待市场进一步明朗化而继续场外观望，导致市场交投仍然低迷；无论如何，这是布林频带收窄及综指横摆时的典型状态。
如图中C圈所示，随机指标（Stochastic）再度上扬，达到30%的水平，这表示综指的短期走势有转强的迹象。接下来若随机指标上扬突破30%后继续走高，这是综指短期走势开始转向上扬的迹象。换句话说，接下来只要随机指标继续在30%以上走高，综指的短期走势将有望继续转强。
如图中箭头B所示，成交量减少7.4%，所以成交量仍然低于40天成交量移动平均线（VMA），这是因为投资者依然等待市场进一步明朗化而继续场外观望，导致市场交投仍然低迷；无论如何，这是布林频带收窄及综指横摆时的典型状态。如图中C圈所示，随机指标（Stochastic）再度上扬，达到30%的水平，这表示综指的短期走势有转强的迹象。接下来若随机指标上扬突破30%后继续走高，这是综指短期走势开始转向上扬的迹象。换句话说，接下来只要随机指标继续在30%以上走高，综指的短期走势将有望继续转强。
综指在区域股市纷纷下跌的当儿依然成功守住1200点的心理支持水平，而布林频带收窄也使到综指避开过于情绪化的大幅度波动。由于综指上扬至布林中频带的水平，所以综指接下来的走势可以说是一个关键的时刻，因为若综指能成功上扬突破布林中频带的话，那综指将有望开始转强，反之综指继续维持在布林中频带以下将意味着综指的后市继续看低一线。
Composite Index 05/10/2009
On Monday, the KLCI rose 4.36 points to close at 1210.61 points. As indicated by A, the KLCI is closing precisely at the Bollinger Middle Band, which is the immediate resistance for the KLCI. If the KLCI should break above the Bollinger Middle Band, there is a chance for the KLCI to resume its uptrend. Support for the KLCI remains at 1200 psychological level, while the resistance is still at 1248 Fibonacci Retracement. As shown on the chart above, the Bollinger Bands only expanded 1%, which is insignificant to give any signal. Therefore, the KLCI is basically still in its consolidation stage, while not following other regional markets negative movement.
As indicated by B, total market volume declined 7.4%, and therefore, volume is still below the 40-day VMA level, suggesting that the market participation is still relatively quiet, as investors are still waiting for a clearer direction of the market movement before taking any positions. Nevertheless, the lower volume is generally normal during a consolidating market.
As indicated by B, total market volume declined 7.4%, and therefore, volume is still below the 40-day VMA level, suggesting that the market participation is still relatively quiet, as investors are still waiting for a clearer direction of the market movement before taking any positions. Nevertheless, the lower volume is generally normal during a consolidating market.As circled at C, the Stochastic is still rising, while testing the 30% level. This suggests that the short term movement of the KLCI is gradually improving. If the Stochastic should break above 30% level, it would be a signal suggesting a technical rebound for the KLCI, thus the KLCI is likely to regain some strength.
Despite negative performance of the regional markets, the KLCI managed to hold above the 1200 psychological level, and the contraction of the Bollinger Bands Width has reduced the volatility of the KLCI as the KLCI is still consolidating. With the KLCI testing the Bollinger Middle Band, it is a crucial point for the KLCI, for if the KLCI could break above the Bollinger Middle Band, there is a chance for it to resume its uptrend. In contrary, if the KLCI should remain resisted by the Bollinger Middle Band, the risk of a downside movement is still there.
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