Technical Analysis : FBMKLCI 31/10/2011 综合指数 2011年 10月 31日

FBM KLCI 31/10/2011
On Monday, the FBM KLCI had its intraday low reaching 1475.71 points, but started to pick up some strength again in the afternoon session, and at the end of the trading day, gaining 10.07 points or 0.68%, to close at 1491.89 points. Despite breaking above 1487 resistance, the break out is yet to be confirmed, as the break out was not supported by strong volume. Support for the FBM KLCI remains at 1453 followed by the 14, 21, 31 EMA dynamic support.

 As indicated by B, total market volume fell 29.07%, but still above the 40-day volume moving average. This suggests that the market is still activity participated, but the retreat of volume has failed to confirm the breakout of the KLCI above its resistance.

As indicated by C, the Stochastic stays above 70%, in the short term bullish territory. Therefore, this suggests that the short term movement of the KLCI is still positive.

In conclusion, the short-term uptrend of the KLCI remains intact, and with the KLCI above the 14, 21, 31 EMA, the technical outlook for the FBM KLCI is positive.

综合指数 2011年 10月 31日

富时大马综合指数（综指）一度回调下滑至1475.71点的全日最低，惟在午盘时因重量级蓝筹股项的带动之下回弹，并以1491.89点挂收，按日上扬10.07点或0.68%。如图中箭头A所示，虽然综指稍微突破1487点的费氏线，但此突破的讯号有待进一步的确认。这是因为马股周一的成交量明显的减退。无论如何，综指支持水平依然是1453点的费氏线及14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线。

如图中箭头B所示，马股总成交量周一减少29.07%，不过依然能处于40天的成交量平均线（VMA）以上，这表示马股整体上的交投还是属于活跃的。由于成交量明显的减少，因此未能确认综指突破阻力水平的讯号。

如图中箭头C所示，随机指标（Stochastic）继续维持在70%水平以上的短期强势区域里，这表示综指短期的走势截至目前为止仍然是偏强的。

总的来说，尽管马股总成交量的减少，但是综指目前的短期涨势依然是完整的。以技术而言，只要综指能继续获得14、21、31天EMA动态支持线的扶持，那综指当前的技术展望仍然是处于正面的。

祝你好运

FBMKLCI Weekly Technical Outlook 31 Oct 2011

The Week Ahead

The daily slow stochastics indicator for the KLCI reissued a buy signal at the overbought zone

early last week (Chart 1), confirming the buy signal from the oversold region on the weekly

indicator. The 14-day Relative Strength Index (RSI) indicator climbed higher to above the 60-

point mark, while the 14-week RSI listed a positive reading just above 50.

 Meantime, the daily Moving Average Convergence Divergence (MACD) trend indicator’s signal

line extended higher above the zero line to reinforce a bullish trend signal, while the weekly

MACD signal line continued hooking up to suggest strengthening upward momentum (Chart

2). The 14-day Directional Movement Index (DMI) trend indicator will see the -DI line

crossing back below the +DI line to trigger a buy signal on further strength, but the ADX line

continued inching lower, confirming a trendless market.

 In Conclusion 

Given the further improvement on momentum and trend indicators for the KLCI, the local

stock market should show upside resilience this week, even as short-term momentum

becomes more overbought. As such, profit-taking dips are likely to be shallow as increasingly

investors should be more confident to return and bargain stocks, especially those in the

construction, property and oil & gas sectors which have suffered heavy losses in recent

weeks. Moreover, improvement on the euro-zone debt situation following the decisive action

taken by EU leaders to boost its rescue fund to 1 trillion euros as bondholders agreed to a

relatively mild 50% haircut on Greek debt, as well as much stronger-than-expected US and

Chinese economic data, should combine to boost sentiment further.

 On the index, immediate resistance comes from 1,488, the 61.8% Fibonacci Retracement (FR)

of the sell-off from the 1,597 record high of 11 July to the recent pivot low of 1,310 on 26 Sept

(Chart 3), matching last Friday’s high. A breakout going forward would see stronger

resistance from the 100-day and 200-day moving averages at 1,495 and 1,512 respectively,

being challenged, while the 76.4%FR at 1,529 would act as a more formidable upside barrier.

Immediate support on profit-taking dips will be at 1,454, the 50%FR, with better retracement

support at 1,420, the 38.2%FR, followed by 1,400 and then 1,378, the 23.6%FR.

HAPPY TRADING 

Dow Closes Week With Profit Takings After Stellar Performance

DJIA Adds 5th Week To Winning Streak
Heads For Best Month Since 1987
Despite the Dow's lethargic performance on the day, the blue-chip index powered 422 points higher this week, marking its fifth straight weekly gain as it heads for the best monthly performance in 24 years.

The Dow Jones Industrial Average rose 22.6 points, or 0.18%, to 12,231, the S&P 500 gained 0.49 point, or 0.04%, to 1,285 and the Nasdaq Composite fell 1.5 points, or 0.05%, to 2,737. Traders took a breather on Friday following a very strong showing in the prior session.  Volume on the New York Stock Exchange was much lighter than it was on Thursday when the Dow zoomed 340 points to the upside.

Despite falling share prices Friday, the markets are headed for their best October performance on record, as easing European tensions, and generally upbeat corporate earnings have boosted traders' confidence.  Indeed, this week's rally knocked most major market indices into the black for 2011.  The Dow, S&P, and Nasdaq are all trading at their highest level in three months. 

Other Markets
European blue chips fell 0.18%, the English FTSE 100 dipped 0.2% to 5,702 and the German DAX fell 0.2% to 6,346. 

In Asia, the Japanese Nikkei 225 jumped 1.4% to 9,050 and the Chinese Hang Seng soared 1.7% to 20,019. 

All eyes are still fixed on Europe, however, even after policymakers Thursday crafted a plan to tackle the region's debt crisis that has threatened some of the world's biggest economies.  Doubts still remain among analysts as to whether the euro zone's $610 billion rescue fund, even after substantial leveraging, will be enough to tackle future sovereign debt crises, particularly if they strike big economic players, like Italy.  

The currency bloc is hoping China may make an investment in the fund, taking advantage of its strong position in currency markets.  However, European and Chinese leaders downplayed that notion on Friday, according to several media reports from Asia and Europe.

HAPPY WEEKEND 

Technical Analysis : 综合指数 2011年 10月 28日 FBMKLCI 28/10/2011

综合指数 2011年 10月 28日
欧美股市隔夜大举上扬，综指周五跳空上扬开市，并一度上扬至1488.20点的全日最高，惟在1487.62点的费氏阻力线（61.8% 费氏回归线）遇阻，综指按日只能上扬10.89点或0.74%。综指当前阻力水平依然是1487.62点的费氏线，支持水平则是1453点的费氏线及图中所示的14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）动态支持线。

如图中箭头B所示，马股总成交量周五只增加0.04%，但是依然是远远高于40天的成交量平均线（VMA）。以技术而言，若综指遇阻是成交量偏高的话，一般上都暗示着投资者套利活动的增加。无论如何，只要综指能继续维持在40天的成交量平均线以上的话，那马股整体上的投资气氛还算是健康的。

如图中箭头C所示，随机指标（Stochastic）依然维持在70%水平以上的短期强势区域里。这表示综指短期的走势还是偏强的，直到随机指标失守70%水平为止。

总的来说，综指当前处于短期涨势中，而只要综指能继续获得14、21、31天EMA动态支持线扶持，并且重复形成较高底（higher-lows）的话，那综指涨势有望延续下去。

祝你好运

BURSA MALAYSIA CLOSING MARKET REPORT 28 OCT 2011

FBM KLCI Uptrend Sustain

The FBM KLCI index gained 10.89 points or 0.74% on Friday. The Finance Index increased 0.97% to 13420.59 points, the Properties Index up 0.46% to 966.84 points and the Plantation Index rose 0.03% to 7494.68 points. The market traded within a range of 10.05 points between an intra-day high of 1488.20 and a low of 1478.15 during the session. 

Actively traded stocks include HIRO-WA, HARVEST-WA, GPRO, HARVEST, MBFHLDG-WA, TIMECOM, HIRO, HUBLINE, SAAG and RAMUNIA-WA. Trading volume increased to 1877.90 mil shares worth RM2295.28 mil as compared to Thursday’s 1877.17 mil shares worth RM2413.17 mil. 
 

Leading Movers were CIMB (+18 sen to RM7.46), GENTING (+30 sen to RM10.60), MAYBANK (+6 sen to RM8.35), PETCHEM (+10 sen to RM6.41) and SIME (+5 sen to RM8.90). Lagging Movers were IOICORP (-12 sen to RM5.14), UMW (-7 sen to RM6.59), DIGI (-10 sen to RM31.50) and YTL (-1 sen to RM1.51). Market breadth was positive with 470 gainers as compared to 338 losers.  

HAPPY WEEKEND

WALL STREET : EU Deal Scare Bears; Bulls Gain 3%

DJIA Skyrockets 340 Points, Tops 12,000 on Euro-Zone Relief & GDP Rally

A bullish tide swept over Wall Street today, as investors cheered a long-awaited plan to address European debt. Most notably, European Union (EU) leaders agreed to recapitalize the region's banks, and to boost the scope of the European Financial Stability Facility (EFSF). Furthermore, under the terms of the deal, private investors of Greek debt will take a 50% write-down on their holdings -- which translated into a major boon for banks both at home and abroad. With the fiscal fate of the euro zone seemingly coming into focus, and thanks to a respectable uptick in third-quarter gross domestic product (GDP), the major market indexes now boast double-digit percentage gains for the month of October.

The Dow Jones Industrial Average (DJIA – 12,208.55) blazed a steady path higher today, touching an intraday peak of 12,284 before paring its gains by the close. Still, the blue-chip barometer tacked on a healthy 339.5 points, or 2.9%, when all was said and done, ending north of its 200-day moving average for the first time since Aug. 1, and extending its month-to-date gain to 11.9%. In fact, not one of the Dow's 30 components finished lower, with Bank of America (BAC) and Alcoa (AA) paving the path into the black with gains of 9.5% apiece.

The S&P 500 Index (SPX – 1,284.59) rallied 42.6 points, or 3.4% -- but not before topping out at 1,292.66 in late-session trading. Like the Dow, the SPX conquered its 200-day moving average for the first time in close to three months, extending its October lead to 13.5%. Likewise, the Nasdaq Composite (COMP – 2,738.63) skyrocketed nearly 88 points, or 3.3%, after touching an intraday peak of 2,753.37. As such, the tech-rich COMP is on pace to end the month nearly 13.4% higher.

HAPPY TRADING 

Technical Analysis : 综合指数 2011年 10月 27日 FBMKLCI 27/10/2011

综合指数 2011年 10月 27日 

随着美国股市上扬摆脱长达两个月的长方形（Rectangular）盘整格局，综指上扬突破1453点费氏阻力线后在周四也继续的上升，按日上扬13.13点或0.9%，以1470.93点挂收。综指接下来的阻力水平落在1487点的费氏阻力线，这也是61.8%的费氏回归线（61.8% Fibonacci Retracement Line）。综指支持水平落在1453点的费氏线及14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线。

如图中箭头B所示，马股总成交量周四增加97.47%，而成交量也明显的处于40天的成交量平均线（VMA）以上。这表示有大量新的买盘涌入，因此足以吸纳投资者套利的卖压。成交量的增加也表示了投资者对马股信心的增加，因此若成交量能继续维持在40天的成交量平均线以上的话，那将有助于维持当前马股投资气氛继续改善的状况。

如图中箭头C所示，随机指标（Stochastic）继续维持在70%水平以上，因此这表示综指短期的走势还是偏强的，直到随机指标跌破70%水平为止。

总的来说，综指上扬突破14、21、31天EMA而摆脱跌势后，如形成较高底（Higher-lows）同时也突破1453点的阻力水平，因此综指出现了转势的讯号。然而，这只是综指短期转强的讯号，至于当前短期的涨势能否持续下去，那区域股市的表现仍然对综指接下来的表现有着重大的影响。

祝你好运

20 Middle Bollinger Bands Rangebound Stocks >>> 4ur Perusal

*Note: To qualify in this list below, the first sorting criteria is stock price must have just climbed or stayed ABOVE the middle Bollinger Band, followed by a second criteria that trading volume for the day must be significantly strong. This is a good watch list for momentum traders looking for shortterm BUY ideas, as they are laggards with good upside potential towards the upper Bollinger band or higher to TAKE PROFIT/SELL. 

Caveat: Some stocks may continue to stay range bound and trade sideways, hence traders should refer to their respective charts to spot accumulation (volume growth) or breakout patterns.

DISCLAIMER

The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.

 

HAPPY TRADING & GOODLUCK

A Memorable Beginning Before The End

A Memorable Start
It was more like15 minutes, but I will never forget it. I took a position in FKLI that opened higher by 10 points. It toyed with 15 for most of the morning and the early afternoon, and then. In the next few minutes, the FKLI bought in lots bigger than an elephant in a small room. My Level II quotes (profits target) were moving so fast that I at first thought something was wrong. The FKLI ran up past 30 points, and then settled back into the 25 range where it closed.

Wow! I made 15 points from my virgin trade and that was RM100 per points back then. The memories remain as vivid as unforgettable. But what follows were tragedies I don't want to remember .....

A Memorable Month

In my early days, I lost lots of money. I had no plan, no strategy, and no psychological foundation for trading. I saw trading as another way to take a risk, which is what I do. I am a risk taker, always have been. Anyway, I quickly tired of losing, so I did two smart things. I began a search for knowledge (Fundamentals), and I looked for a software package (Technicals) that would help me become successful. I found both, eventually. After reading a library of books that turned my head around, as well as learning to utilize my new trading software appropriately, I began to have small successes. I built on those and began trading some twenty trades per month. And then it all clicked, at least for one month. I made money on 17 of 20 trades, but that was not the best of it. The best of that month was not the "wins,"  It was the boost in confidence such success brings. As a personal record, I have not repeated that month, but I have come close on a few occasions.

A Memorable Mating

No, this is not about a loose night in my youth. This about gambling, which is what we all do when trading markets. I am a gambler by nature, as I have said, and my trading successes started coming just about the time I figured out that trading is extremely similar to serious gambling. Both games put money at risk, true, but the secret to success for both lies in understanding and acting on three concepts.

The first concept is to accept that you cannot win 100% of the time. Understand you will lose. In fact, you might only win 50% of the time. Your win/loss percentage, however, is not the measure of success. The bottom line is the true measure of success. How much have you made, and how much have you lost?

The second concept is two sides of the same coin, know when to hold them and know when to fold them for poker. Know when to get in and know when to get out in trading. Take profit cut losses. Trading, like playing serious poker, is a business and notions such as hope play no role in success, which leads me to my third concept.

The concept that most actualized success for me is the clarity that comes from controlling your emotions. If you cannot control your emotions in poker, you will have tells, and you will lose just when you think the big-chip scoop is coming your way. If you cannot control your emotions in trading, you are doomed. Successful trading is more about you and your emotions than it is the markets. Gambling and trading are two peas in the same pod, as far as I am concerned, and knowing this has made me a better trader. Don't fool yourself thinking otherwise.

A Memorable Mentor

If you haven't done it, find yourself a mentor. Mine taught me early on the rudiments of the markets. He never told me how to trade, rather he let me make choices and lose, and then he told me what I might have done differently. Don't do what I did, though, which is risk too much in the beginning. Start small and work your way up. Mentors can do a lot for you, but one thing a good mentor will do for you is give you at least one rule that if you forget, or do not apply, you will get hurt. Even though I forgot this one rule more than once, I have now learned it, CASH IS KING. 

A smaller profit is no mistake compared to a reversal in fortune. Afterall, you did end the day with more cash than you began. Learn this and your trading will be much safer and more rewarding.

A Memorable Motto

Remember, when the final bell rings and the markets shut down for good, do you want your life reflection to focus on the trades you made, or what you did with your precious time on this planet? 

Money is a tool, and only a tool. It is not the end; it is a means to an end. The important question is what do you want that end to look like?

Trade in the day; invest in your life.

Technical Analysis : 综合指数 2011年 10月 21日 FBMKLCI 21/10/2011

综合指数 2011年 10月 21日
虽然富时综合指数闭市前一度下挫至1371.18点，不过综指迅速回弹，最终以1438.83点闭市，按日微跌2.35点或0.16%。如图所示，综指目前的阻力水平依然是1453点的费氏线，支持水平则维持在1400点的整数心理水平以及14、21、31天EMA（约1420点）。

如图中箭头A所示，综指虽然一度暴跌，不过综指在闭市时精确的在布林中频带（Bollinger Middle Band）获得扶持，这是综指当前的动态支持线，一般上只要综指能在此支持线获得支持，综指上扬的趋势将能维持下去，反之亦然。

如图中箭头B所示，马股总成交量稍微减少4.26%，惟成交量仍然处于40天的成交量平均线（VMA）以上，这显示马股整体交投仍然活跃，这对综指转强有正面的作用。

随机指标（Stochastic）稍微回弹，这使到指标重新回到70%以上了（参考箭头C），这表示综指的短期上扬趋势仍然完整，直到随机指标真正跌破70%为止。

总的来说，综指正在尝试筑底，若成功的话，综指将有望再度回弹，形成较高底，那综指将有望恢复上扬的趋势，不过若要综指摆脱熊市的窘境，综指得上扬突破目前正处于1514点的200天移动平均线（MA）阻力。

FBM KLCI 21 Oct 2011

Although near the close,the bluechips index fell to 1371.18 points, the KLCI rebounded quickly, eventually closing at 1438.83 points, edging down 2.35 points, or 0.16% loss. As shown, the KLCI is still resisted by the current level of 1453 points at 50% FR. Support levels are maintained at the psychological level of 1400 points and the dynamic 14,21,31 days EMA (about 1420 points).

The arrow shown in Figure A, although the KLCI tumbled, but rebounded at closing time accurately above the Bollinger Middle Band to obtain support, which is the current dynamic KLCI support line, generally as long as this support line can be hold out, the KLCI upward trend will continue, and vice versa.

 

As shown in Figure B, VMA shares of the total volume slightly decreased 4.26%, but volume is still above the 40-day average trading volume (VMA) above, which show horse trading stocks as a whole is still active, which can be interpreted as a strong positive effect. 

Random indicators (Stochastic) slightly rebound, so indicated that more than 70% of the return (see arrow C), which means that short-term rise in the KLCI trend remains intact until truly random index fell below 70% thus far.

 

Overall, the KLCI is trying to bottom, if successful, the KLCI is expected to rebound again to form higher highs and that the KLCI is expected to resume it's upward trend, but for the bear to get rid of the predicament of the KLCI, integrated refers to the break up point now is 1514 the 200-day moving average (MA) resistance.

HAPPY TRADING 

WALL STREET : DJIA Bullish Ahead Of EU Summit Week

Bulls Thump Bears For 267 >>> +164.3 pts Gain Weekly
 U.S. stocks blazed a steady path higher today, as investors rolled the bullish dice ahead of this weekend's highly anticipated summit of European Union (EU) leaders. Although German Chancellor Angela Merkel and French President Nicolas Sarkozy said no decisions would be made until a second meeting early next week, the duo vowed to come up with a "comprehensive and ambitious" plan to tackle the euro zone's fiscal problems. On the home front, meanwhile, Wall Street is also applauding solid earnings from blue-chip behemoths McDonald's (MCD) and Honeywell (HON), which have helped to offset a less-than-stellar earnings showing from fellow Dow component General Electric (GE). Against this rose-colored backdrop, the Dow Jones Industrial Average (DJIA) ended north of 11,800 for the first time since Aug. 3, extending its winning streak to four straight weeks.

The Dow Jones Industrial Average (DJIA – 11,808.79) finished near a session high, advancing 267 points, or 2.3%, when all was said and done. Only Bank of America (BAC) and General Electric bucked the trend, giving up 0.2% and 1.9%, respectively, while Travelers (TRV) led the 28 advancing blue chips with a gain of 5.2%. For the week, the Dow rallied 1.4%, and ended north of its 20-week moving average for the first time since mid-July.

The S&P 500 Index (SPX – 1,238.25) also ended near an intraday acme, tacking on 22.9 points, or 1.9%, by the close. For the week, the SPX added 1.1%, extending its own winning streak to three straight, and ending above its 20-week trendline for the first time in three months. Finally, the Nasdaq Composite (COMP – 2,637.46) broke out of the red to gain 38.8 points, or 1.5%, but settled the week 1.1% lower.

HAPPY WEEKEND 

Bursa Malaysia says sharp drop in index due to broker trades

KUALA LUMPUR Oct 21 — Malaysia’s stock exchange operator Bursa Malaysia Bhd said a sharp drop in the FTSE Bursa KLCI its benchmark index was due to trades keyed in on select index component stocks by a broker. The KLCI dropped 4 8 per cent at 4 41pm to 1 371 92 points from 1 440 52 points before recovering 10 minutes later.

The KLCI closed down 0 2 per cent for the day at 1 438 83 points Bursa did not say if the trades were made deliberately or by accident.

EVERY TRADER IS ENTITLED TO HIS/HER OPINION.....

WHAT'S YOURS? 

Good Morning Charts & Commentaries : DJIA 60 mins / FKLI Daily

Wall Street Bulls Hit Back

 After dropping 100 points out of the gate, the Dow Jones Industrial Average (DJIA) performed an about-face, blazing a steady path higher in afternoon trading. Early on, slower-than-expected growth in China, as well as a jeopardized triple-A credit rating for France, weighed on the bulls. However, celebrated earnings reports in the banking sector -- primarily those of Goldman Sachs (GS) and Bank of America (BAC) -- helped stocks climb out of the hole, as did solid sentiment data on the housing front. Furthermore, a round of media reports touting France and Germany's agreement to bolster the euro-zone rescue fund added fuel to the bulls' late-session fire, helping the DJIA to a 180-point lead by the closing bell.

 After falling as low as 11,296 in intraday action, the Dow Jones Industrial Average (DJIA – 11,577.05) climbed to a gain of 180.05 points, or 1.6%. Only IBM Corp. (IBM) and Coca-Cola (KO) ended lower, succumbing to earnings-related losses of 4.1% and 0.4%, respectively. Meanwhile, Bank of America paced the advancing blue chips with a gain of more than 10.1%.

Jump Not The Gun

OK, so Tuesday's profit takings were a little overdone but that cannot be construe as a reason for a total sentiments reversal. Those who SHORTED the FKLI at of before the close will be having a tensed & pent-up trading day. 

GOODLUCK2ALL 

Support and Resistance >>> The FKLI, FBMKLCI

FKLI Daily Pivot Point

R2= 1456

R1= 1447.50

S1= 1432

S2= 1426

 

FKLI Fibonacci % Retracement

 

100% >>> 1599.0

75% >>> 1522.5

61.8% >>> 1482.0

50% >>> 1446.0

38.2% >>> 1410.0 

23.6% >>> 1365.0

0.0% >>> 1293.0 

 

MEMORIES

Market numbers are very sentimental and have very good memory. They always revisit the positions they were once at >>> where else do you think the terms "new highs & new lows" came from?

Monitor carefully the datas provided above and never doubt the ability of the trend. In any open market >>>

all possibilities are possible. 

 MARKET HEAT

The above image should be helpful in tracking gains & losses of the index component related Top 50 active stocks. 

FBMKLCI

With the daily stochastics for KLCI moving into the overbought zone,

profit-taking and selling should pick up momentum, with multiple

resistance coming in from the 50-day moving average and upper Bollinger

band at 1,447 and 1,454, the 50% Fibonacci Retracement (FR) of the selloff

from the 1,597 record high of 11 July to the recent pivot low of 1,310

on 26 Sept. Next significant resistance above is at 1,487, the 61.8%FR.

Immediate support on a profit-taking correction is revised upwards to

1,420, the 38.2%FR, next would be 1,400, and then 1,378, the 23.6%FR.

Technical Analysis : FBMKLCI 14/10/2011 综合指数 2011年 10月 14日

综合指数 2011年 10月 14日
如图中箭头A所示，富时大马综合指数（综指）上扬数日后，周五在接近1453点阻力水平遇阻，按日回软2.44点或0.17%。1453点是根据综指高峰1597.08点及最近最低水平1310.53点所计算的50%费氏回归线（50% Fibonacci Retracement Line）。综指支持落在1400点。

如图中箭头B所示，马股总成交量周五减少28.67%，不过成交量依然能维持在40天的成交量平均线（VMA）以上。这表示马股当前的交投还是属于活跃的。由于综指遇阻时成交量稍微减少，这表示市场未有出现任何惊恐抛售的现象。

如图中箭头C所示，随机指标（Stochastic）稍微回退，但是依然处于70%水平以上，这表示综指短期的走势目前还是维持在偏强的格局中，直到随机指标跌破70%水平为止。

总的来说，综指上扬多日后出现调整，是很正常的。如今综指稍微突破14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态阻力线，这表示综指暂时摆脱了跌势，不过却还未能马上形成涨势。接下来若综指若能进入盘整格局中，然后形成三角形或长方形之类的盘整图形，那便是最理想的状况了。这是因为若综指能先进入盘整格局，那就可以淡化投资者套利的卖压，同时让市场重新酝酿走势。届时若综指能形成较高低（Higher-lows）再突破阻力水平（创新高）的话，那便是综指转强的讯号。

祝你好运

Good Morning Charts >>> DJIA, FKLI + FBM KLCI 10/10/2011

 Dow Soars 330 Points

 The Dow Jones Industrial Average (DJIA – 11,433.18) racked up an impressive gain of 330 points, or nearly 3%, as all 30 of its components closed higher. Bank of America (BAC) led the blue-chip rally by rising 6.4%. In addition to conquering its 50-day moving average, the Dow also settled atop 11,400 for the first time since Sept. 20.

综合指数 2011年 10月 10日

 如图中箭头A所示，富时大马综合指数（综指）周一继续在1400点的阻力水平遇阻，按日下跌3.01点或0.21%。此外，综指也继续试探14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态阻力线。综指支持水平保持在1310点。

如图中箭头B所示，马股总成交量明显的减少39.37%，而成交量也是远远的处于40天的成交量平均线（VMA）以下。这表示马股周一的交投差强人意，若成交量继续偏低的话，那马股整体上将继续维持在偏弱或横摆的格局中，难以转强。

如图中箭头C所示，随机指标（Stochastic）继续维持在70%水平以上的短期强势区域里，这表示综指短期的走势当前继续是偏强的，直到随机指标跌破70%水平为止。

总的来说，综指继续在14、21、31天EMA动态阻力线遇阻，因此当前的技术展望也还是偏弱的。换句话说，综指当前依然处于跌势中。以目前的状况而言，若综指能延续横摆的盘整格局，那将有助于淡化市场的卖压，届时有利于改善马股整体上的投资气氛。

 祝你好运

Friday Closing Charts : DJIA + FBMKLCI 07 Oct 2011

 Dow Jones Industrial Average 08 Oct 2011

The Dow Jones Industrial Average (DJIA – 11,103.12) explored a range of nearly 181 points today, but eventually ended 20.2 points, or 0.2%, lower. Nevertheless, the blue-chip barometer maintained its perch atop both the 11,100 level and its 20-day moving average. Epitomizing the hot-and-cold session, 14 of the Dow's 30 components settled lower, with financial concerns Bank of America (BAC) and JPMorgan Chase (JPM) leading the laggards with losses of 6.1% and 5.2%, respectively. On the flip side, Wal-Mart Stores (WMT) paced the advancing equities with a gain of 1.8%. 

For the week, the Dow tacked on 1.7%, but failed to conquer its 10-week trendline.

Likewise, the S&P 500 Index (SPX – 1,155.46) also traded on both sides of breakeven, but swallowed a loss of 9.5 points, or 0.8%, by the close. Unlike the Dow, though, the SPX failed to notch another victory atop its 20-day moving average. Finally, the Nasdaq Composite (COMP – 2,479.35) spent the most time in the red today, backpedaling 27.5 points, or 1.1%, by the bell. For the week, the SPX and COMP gained 2.1% and 2.7%, respectively.

FBM KLCI 07 Oct 2011

The FBM KLCI continued its rally for a third day, driven by the people-friendly Budget 2012 as well as more reassuring data and news from the United States and Europe.

The benchmark index closed 6.36 points higher at 1,400.05, on volume of 964.67 million shares.

Analysts say yesterday's volume of below one billion shares shows investors are still tentative and fearful. Analysts expect the feel-good factor to linger only over the short term, after which the realities of Europe's economy will dominate the market again.

HAPPY WEEKEND 

Technical Analysis : FBMKLCI 06/10/2011 综合指数 2011年 10月 06日

综合指数 2011年 10月 06日
富时大马综合指数（综指）周四继续周三的反弹，继续上扬18.02点或1.31%，以1393.69点挂收。如图中箭头A所示，综指当前正要重新试探1400点阻力水平及14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态阻力线。综指当前支持水平保持在1310点。

如图中箭头B所示，马股总成交量周四明显的增加42.52%，并且稍微突破40天的成交量平均线（VMA），这表示市场的购兴增加，投资者趁着欧美股市回弹及配合明日的2012年财政预算案的带动之下买入。以技术而言，若成交量能维持在40天的成交量平均线以上，那将有利于改善马股整体上投资气氛。

如图中箭头C所示，随机指标（Stochastic）也上扬突破70%水平，进入了短期强势区域里。接下来若随机指标能维持在70%水平以上，那综指短期的走势将有望继续走高。

虽然马股总成交量增加，再配合指数的技术反弹，但是综指至今的跌势确实还是完整的，因此综指目前仍然未有转势的讯号。无论如何，马股总成交量增加对马股当前的格局是有利的。但是综指就此能否转强，有很大的关键还是在于外围股市的表现。以技术而言，当前综指最理想的状况，就是综指进入横摆格局，然后延续横摆格局一段日子，届时才能淡化市场的卖压，重新酝酿一个走势，到时候若区再次出现转强特征（如形成较高低Higher-lows）的话，届时讯号将会更可靠。

 祝你好运