如图中箭头A所示，富时综合指数微跌2.12点，以1265.03点闭市，这显示综指还是未能突破1272点的费氏线阻力，所以1272点继续成为综指接下来的阻力水平，支持水平则落在1250点的费氏线。如图所示，布林频带（Bollinger Bands）打开的幅度为0%，这表 综指的相对波动率减低，所以这是综指步入淡静或横摆巩固的迹象。无论如何，由于综指是处于布林中频带（Bollinger Middle Band）以下，所以综指始终是属于偏弱的格局，直到综指能成功突破布林中频带为止。
如图中箭头B所示，马股总成交量锐减28.3%，这使到成交量远远的低于40天成交量移动平均线（VMA）以下，这是综指进入淡静格局的讯号，若综指继续维持低于40天成交量平均值，那综指短期内将难以出现上扬的趋势。
如图中箭头C所示，随机指标（Stochastic）还未上扬突破30%的水平，所以综指的短期走势仍然是趋软的。一般上，随机指标是必须先上扬突破30%，那综指的短期走势才有望摆脱下跌的风险。总的来说，随着成交量减低，综指开始步入淡静的格局，布林频带显示综指波幅开始收窄，这是综指开始横摆巩固或调整的先兆。以技术而言，综指是须等到随机指标上扬突破30%的水平，那综指短期才能避开进一步下跌，若综指要转为短期上扬的话，那随机指标就得上扬突破70%的水平。
Composite Index 04/02/2010As indicated by A, the FBM KLCI fell 2.21 points, to close at 1265.03 points. Therefore, the resistance for the KLCI remains at 1272 Automatic Fibonacci Retracement while the support remains at 1250 Automatic Fibonacci Retracement.
As shown on the chart above, the Bollinger Bands expanded 0%, suggesting that the KLCI volatility is reduced, thus a sign of a consolidation. However, since the KLCI is still staying below the Bollinger Middle Band, the immediate outlook for the KLCI is still bearish biased.
As indicated by B, total market volume declined
28.3%, and as a result, volume is now below the 40-day VMA level. Therefore, this suggests that the market is lightly participated. Generally, if volume should stay below the 40-day VMA level, the KLCI is less likely to pick up any strength.As indicated by C, the Stochastic is still below 30% level, thus the market movement for the short term is still bearish biased. Technically, the Stochastic has to break above 30% level, in order for the KLCI to break away from the short term bearish status.
In short, as the market volume reduced significantly, the KLCI is likely to remains consolidating with some weakness. Technically, with the Stochastic below 30% level, and the KLCI below the Bollinger Middle Band, the short term outlook for the KLCI is still on the weaker side.
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