On Friday, the KLCI gap down, losing 12.79 points or 0.87%, to close at 1460.13 points. As indicated by A, the KLCI broke below the 14, 21, 31 EMA marginally. Support for the KLCI is at 1430 while the resistance remains at 1500 as well as the 200-day MA.
As indicated by B, total market volume fell 20.10%, as investors are staying away from the market amid uncertainties and worries of the Euro zone debt crisis. If volume should remains low, it is actually a sign of a healthy consolidation of the market. Of course, with low volume, the market is less likely to pick up any strength.
As indicated by C, the Stochastic is still falling, breaking below 50%. Generally, if the KLCI were to consolidate in a sideways manner, the Stochastic is expected to fluctuate between 30%~70%.
In conclusion, after being resisted by 1500 as well as the 200-MA, the KLCI enters a consolidation. Despite the KLCI retreat, it has not formed lower-highs, thus not yet showing a downtrend formation. If the KLCI should continue to stay below the EMA 14, 21, 31, then the KLCI short-term technical outlook will be negative.
综合指数 2011年 12月 09日
富时大马综合指数（综指）周五跳空下跌，按日下跌12.79点或0.87%，以1460.13点挂收。如图中箭头A所示，综指稍微跌破了14、21、31天综合加权移动平均线（Exponential Moving Average – EMA）的动态支持线。综指接下来支持水平落在1430点的水平，阻力水平则仍然是1500点及200天的移动平均线。
随着综指继续下调，马股总成交量周五再度减退，减少20.10%。如图中箭头B所示，马股总成交量处于40天的成交量平均线（VMA）以下，这表示马股整体上的交投回到淡静的格局。这表示投资者保持谨慎的态度，同时因对股市缺乏信心，而保持场外观望的态度。一般来说，若综指延续盘整格局的话，那偏低的成交量其实也是很健康的。当然，若成交量继续偏低的话，那马股整体上将难以转强。
如图中箭头C所示，随机指标（Stochastic）在周五继续的下调，并跌破50%水平。以技术而言，若综指维持在横摆的盘整格局的话，那随机指标将会在30%～70%水平之间徘徊。
总的来说，综指自1500点及200天移动平均线遇阻后，进入了盘整格局。虽然综指缓缓下调，但是却还未有形成较低峰（Lower-highs）的特征，这表示综指还未有形成跌势的特征。接下来若综指继续下跌而维持在14、21、31天EMA的话，那综指短期的技术展望将是处于负面的。
祝你好运
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