综合指数 2009年 11月 11日富时综合指数在随机指标（Stochastic）过去两日建议市场短期过热下走软，出现技术调整的格局。无论如何，综指精确的在1270点的水平闭市，这意味着综指在1270点的费氏线获得扶持，这将是综指当前的支持水平，阻力水平则是1300点的心理阻力关口。
如图所示，布林频带（Bollinger Bands）打开的幅度从21%减少至8%（参考箭头A），所以综指出现了技术调整，通常在综指出现技术调整时，布林中频带将成为综指的动态支持线，所以只要综指能在布林中频带上获得扶持，综指的上扬趋势依然保持完整，反之综指将开始转弱的格局。
如图中箭头B所示，马股成交量稍微减少5.1%，不过依然保持在40天成交量移动平均线（VMA）以上，这显示市场仍然有不错的流通量，这对市场吸纳套利活动有正面的作用，所以综指依然有望在盘整后再度转强。如图中C圈所示，随机指标（Stochastic）继续下滑，所以综指的短期走势继续出现技术调整的走势，接下来若随机指标跌破70%的话，那综指的短期上扬趋势将宣告结束，综指将有技术调整转为短期下跌的格局。
综指在短期过热后（随机指标达100%）调整，不过综指整体的上扬趋势依然还是完整的，除非综指跌破布林中频带，不然综指的长期走势依然算维持在一个上扬的格局中，目前的滑落只是一个正常的技术调整。
Composite Index 11/11/2009 For the last two days, the Stochastic has been warning that the KLCI short term movement has gone over-heated, and the KLCI ended lower on Wednesday. Nonetheless, the KLCI closed precisely at 1270, suggesting that the 1270 is the immediate support. Resistance for the KLCI is at 1300 psychological level.
As shown on the chart above, the Bollinger Bands expansion rate reduced from 21% to only 8%, (indicated by A), and as a result, the KLCI technically corrected, and the target for the technical correction is usually at the Bollinger Middle Band, which is serving as the dynamic support. If the KLCI could rebound from the Bollinger Middle Band, the KLCI might resume its uptrend, and if the KLCI should break below the Bollinger Middle Band, the weakening movement of the KLCI shall continue.
As indicated by B, total market volume reduced another 5.1%, but the volume is still above the 40-day VMA level. Therefore, overall market is still well-participated, and with volume above the 40-day VMA level, the market sentiment as a whole is still positive.
As circled at C, the Stochastic is still falling, suggesting that the KLCI is having its technical correction. If the Stochastic should break below 70% level, it would be an end to the short term uptrend, and the correction of the KLCI shall continue, and might even turn into a downtrend.
After staying over-heated (Stochastic reaching 100%), the KLCI retreated, but still, the overall uptrend remains intact as the KLCI is still above the Bollinger Middle Band, and the KLCI is only having its technical correction now.
As shown on the chart above, the Bollinger Bands expansion rate reduced from 21% to only 8%, (indicated by A), and as a result, the KLCI technically corrected, and the target for the technical correction is usually at the Bollinger Middle Band, which is serving as the dynamic support. If the KLCI could rebound from the Bollinger Middle Band, the KLCI might resume its uptrend, and if the KLCI should break below the Bollinger Middle Band, the weakening movement of the KLCI shall continue.
As indicated by B, total market volume reduced another 5.1%, but the volume is still above the 40-day VMA level. Therefore, overall market is still well-participated, and with volume above the 40-day VMA level, the market sentiment as a whole is still positive.As circled at C, the Stochastic is still falling, suggesting that the KLCI is having its technical correction. If the Stochastic should break below 70% level, it would be an end to the short term uptrend, and the correction of the KLCI shall continue, and might even turn into a downtrend.
After staying over-heated (Stochastic reaching 100%), the KLCI retreated, but still, the overall uptrend remains intact as the KLCI is still above the Bollinger Middle Band, and the KLCI is only having its technical correction now.
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