Composite Index 15/09/2010 As indicated by A, after rallied strongly for two days, the KLCI temporary hit its resistance at 1474 level, losing 1.49 points to close at 1472.95 points. Next resistance for the KLCI is still at 1500 level while the support is at the 1436 WinChart Automatic Fibonacci Retracement as well as the Bollinger Middle Band.
On Wednesday, the Bollinger Bands only expanded 3%, suggesting that the upside volatility of the KLCI is insignificant. If the Bollinger Bands should contract, it would be a signal suggesting a consolidation for the KLCI. With the KLCI above the Bollinger Middle Band, immediate technical outlook shall remains positive.
As indicated by B, total market volume fell 30.3%, as investors takes profit before the market closed for holiday. Therefore, volume fell below the 40-day VMA level, suggesting that the market participation is insufficient. It is rather normal to have lower volume during a consolidation stage, but if the KLCI should take out any resistance, a substantial market volume is needed.
As indicated by C, the Stochastic started falling after hitting 100%, suggesting that the KLCI was over-heated. Nevertheless, with the Stochastic still above 70%, the short term movement of the KLCI is still bullish biased.
In conclusion, the KLCI is temporary resisted by 1474 level, but the overall uptrend remains intact, as the 14, 21, 31 EMA is still serving as the dynamic support.
On Wednesday, the Bollinger Bands only expanded 3%, suggesting that the upside volatility of the KLCI is insignificant. If the Bollinger Bands should contract, it would be a signal suggesting a consolidation for the KLCI. With the KLCI above the Bollinger Middle Band, immediate technical outlook shall remains positive.
As indicated by B, total market volume fell 30.3%, as investors takes profit before the market closed for holiday. Therefore, volume fell below the 40-day VMA level, suggesting that the market participation is insufficient. It is rather normal to have lower volume during a consolidation stage, but if the KLCI should take out any resistance, a substantial market volume is needed.As indicated by C, the Stochastic started falling after hitting 100%, suggesting that the KLCI was over-heated. Nevertheless, with the Stochastic still above 70%, the short term movement of the KLCI is still bullish biased.
In conclusion, the KLCI is temporary resisted by 1474 level, but the overall uptrend remains intact, as the 14, 21, 31 EMA is still serving as the dynamic support.
综合指数 2010年 09月 15日如图中箭头A所示，富时综合指数连续两日大举上扬后，因投资者套利而稍微回软，以1472.95点挂收，按日微跌1.49点。综指目前在1474点的水平遇阻，下一道阻力水平仍然是1500的心理水平，支持水平则继续是1436点的费氏水平线及布林中频带的动态支持线。
如图所示，布林频带（Bollinger Bands）周三只打开3%，因此综指未能继续上升。接下来若布林频带开始收窄，那便是综指进入盘整格局的讯号。无论如何，由于综指继续处于布林中频带以上，因此综指目前仍然维持在涨势中。
如图中箭头B所示，由于假期的关系，再加上投资者套利，马股的成交量减少30.3%，这使到成交量失守40天的成交量移动平均线（VMA）。无论如何，一般来说，若综指进入盘整格局时，成交量减少是很正常的，但是若综指要上扬突破阻力水平，那就必须获得成交量明显增加的确认。
如图中箭头C所示，随机指标（Stochastic）在触及100%后稍微回软，这表示综指短期处于过热的现象。无论如何，只要随机指标能维持在70%水平以上，那综指短期的走势仍处于强势中。
总的来说，综指虽然暂时在1474点水平遇阻，不过整体上的涨势却未受到任何的破坏。换句话说，只要综指能继续获得14、21、31天加权移动平均线（EMA）的扶持，那仍然是处于上扬格局中。
如图所示，布林频带（Bollinger Bands）周三只打开3%，因此综指未能继续上升。接下来若布林频带开始收窄，那便是综指进入盘整格局的讯号。无论如何，由于综指继续处于布林中频带以上，因此综指目前仍然维持在涨势中。如图中箭头B所示，由于假期的关系，再加上投资者套利，马股的成交量减少30.3%，这使到成交量失守40天的成交量移动平均线（VMA）。无论如何，一般来说，若综指进入盘整格局时，成交量减少是很正常的，但是若综指要上扬突破阻力水平，那就必须获得成交量明显增加的确认。
如图中箭头C所示，随机指标（Stochastic）在触及100%后稍微回软，这表示综指短期处于过热的现象。无论如何，只要随机指标能维持在70%水平以上，那综指短期的走势仍处于强势中。
总的来说，综指虽然暂时在1474点水平遇阻，不过整体上的涨势却未受到任何的破坏。换句话说，只要综指能继续获得14、21、31天加权移动平均线（EMA）的扶持，那仍然是处于上扬格局中。
HAPPY TRADING
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