Composite Index 11/01/2010On Monday, the KLCI closed 1.53 points higher at 1294.51 points. As indicated by A, the KLCI is still consolidating as the support is at 1288 and 1276 while the resistance is still at 1300 psychological level.
As shown on the chart above, the Bollinger Bands contracted 5%, suggesting that the KLCI consolidation stage remains intact, and the Bollinger Middle Band is still serving as the dynamic support for the KLCI, which is the first target of the consolidation or the correction. Generally, if the KLCI should be supported by the Bollinger Middle Band, there is a chance that the rally would resume.
As indicated by B, total market volume increased 35.1%, while volume is still above the 40-day VMA level. This shows that the
overall market is well-participated, as the market sentiment in general is still positive. Therefore, with new inflow of buying interest to off set the selling pressure, the KLCI positive sentiment is likely to sustain.As indicated by C, the Stochastic is still above 70% level, which suggests that the short term movement of the KLCI is still bullish biased. In short, more upside room for the KLCI in the short term unless the Stochastic should break below 70% level.
In conclusion, the KLCI consolidation remains intact, with some positive biased. This is because the KLCI is still supported by the Bollinger Middle Band, and the KLCI is set to test the 1300 level again.
综合指数 2010年 01月 11日富时综合指数以1294.51点闭市，按日微扬1.53点，如图中箭头A所示，综指呈横摆巩固的格局，综指当前的支持水平落在1288点及1276点的费氏线，阻力水平则是1300点的心理阻力水平。
如图所示，布林频带（Bollinger Bands）收窄5%，这表示综指目前处于一个调整巩固的格局中，所以布林中频带将成为综指接下来的动态支持线，这亦是综指在调整时的第一目标。一般上，只要综指能在布林中频带上获得扶持，那综指的上扬趋势还是完整的，那综指的下调走势只是技术调整而已。换句话说，若综指跌破布林中频带的话，那综指则有出现跌势的可能。
如图中箭头B所示，马股成交量增加35.1%，所以成交量仍然维持在40天成交量移动平均线（VMA）以上，这显示整体市场交投仍然活跃。通常若成交量能持续的维持在40天成交量平均值以上的话，那综指在足够的承接力量下，将有望成功的吸纳套利的卖压，从而再度恢复上扬的趋势。如图中箭头C所示，随机指标（Stochastic）继续的处于70%以上，这表示综指的短期走势仍然维持在偏向上扬的格局，直到随机指标跌破70%为止。
总的来说，综指目前正出现一个横摆巩固的调整，这是综指目前最理想的调整方式。以技术而言，若综指在调整后仍然能在布林中频带以上获得扶持，那综指将有望恢复上扬的走势，上探1300点的阻力水平。
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