Composite Index 10/11/2008 / 综合指数 2008年 11月 10日

Composite Index Daily Technical Analysis 10/11/2008 by Zhuge Liang

The KLCI ended higher on Monday as lifted by the Asian markets positive performance. The KLCI up 1.2%, while returned to above the 900 level. Therefore, as indicated by A, the 887 Fibonacci Retracement and the 900 level are now the supports for the KLCI while the resistance is still at 940 Fibonacci Retracement.

As shown on the chart, the KLCI is still situated above the Bollinger Middle Band dynamic support, and therefore, the immediate outlook is still on the positive side. But still, we have to wait until the Bollinger Bands Width expands to confirm the bullish biased movement.
If the Bollinger Bands Width should expands with the KLCI above the Bollinger Middle Band, it would be a bullish biased signal, other wise, if the Bollinger Bands Width should expands with the KLCI below the Bollinger Middle Band, it would be a bearish biased signal.

As indicated by B, total market volume remains above the 40-day VMA level, suggesting the overall market is still actively participated. Therefore, this is also another positive element for the KLCI.

As circled at C, the Stochastic remains above 70% level, which is the short term bullish region. As long as the Stochastic is still above 70% level, the short term bullish biased movement for the KLCI is expected to continue.

Generally, based on the current market condition, the KLCI is likely to stay positive provided that there are no negative news for the market.

综合指数 2008年 11月 10日

亚洲股市在中国的带动下上扬，综合指数也闻风上扬1.2%，使到综指站在900点以上。如图中箭头A所示，综指当前的支持水平除了900点这心理支持水平之外就是887点着23.6%的胜图自动费氏线，阻力水平则是940点的胜图自动费氏线。

如图所示，综指继续的站稳在布林中频带（Bollinger Middle Band）以上，而且开始又出现向上翘的迹象，这显示综指有暗示继续转强的讯号。无论如何，我们还是必须等到布林频带（Bollinger Band）明显的打开，才能确认任何趋势的方向。

换句话说，若布林频带接下来开始明显的打开，而综指又能继续的企于布林中频带以上的话，那综指将会出现上扬的趋势。反之若综指跌破布林中频带，那综指则有转为跌势的风险了。

如图中箭头B所示，马股成交量继续在买盘涌入下增长，所以成交量成功的保持在40天成交量移动平均线（VMA）以上的水平，这在综指出现转强时是对综指后市有正面的影响。

如图中C圈所示，随机指标（Stochastic）继续的维持在70%的水平，这表示综指的短期走势继续的保持在上扬的格局，直到随机指标跌破70%为止。

总的来说，综指在布林中频带获得支持，出现了第二轮短期上扬的迹象，所以若没有新的外在因素破坏的话，那综指是有维持短期涨势的可能。

HAPPY TRADING & GOODLUCK2ALL