• Hong Kong shares end morning sharply lower on Wall St tumble; large-caps hit Sep 5th, 2008, 00:59 - XFN (Length: 1696)
• Slowdown takes gloss off miners Sep 4th, 2008, 21:22 - ABX (Length: 690)
• ANZ raises sights, now aims at $1b Sep 4th, 2008, 21:21 - ABX (Length: 1038)
• Sensex sheds 151 pts as nuclear deal comes under shadow Sep 4th, 2008, 21:02 - APD (Length: 2509)
• ANZ doubles capital raising Sep 4th, 2008, 16:29 - ABX (Length: 1038)
• US steel sector shrs off after Goldman downgrade Sep 4th, 2008, 13:33 - XFN (Length: 1595)
• Bank of America has Neil Yaris joining as head of high yield sales and trading Sep 4th, 2008, 05:26 - MTO (Length: 678)
• Short sellers' squeeze belts Fortescue shares down 10pc Sep 3rd, 2008, 21:24 - ABX (Length: 1184)
• More strength to RBA: economists Sep 3rd, 2008, 21:18 - ABX (Length: 619)
• Temasek's belief pays off Sep 3rd, 2008, 21:18 - ABX (Length: 733)

[ More Goldman Sachs Index News ]

Analysis

Fri 8/22/08

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

Conventional Interpretation - Long Term: The market is bearish because the fast moving average is below the slow moving average.

Additional Analysis - Long Term: The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average.

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is below the moving average so the trend is down.

Additional Analysis: Market trend is DOWN.

Swing Index Indicator:

Conventional Interpretation: The swing index is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

Additional Analysis: No additional interpretation.

Volatility Indicator: Volatility is in a downtrend based on a 9 bar moving average.

Open Interest Indicator: Open Interest is in a downtrend based on a 9 bar moving average. While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Note: The above analysis is computer generated from mathematical formulae, and is provided for educational purposes only. Neither the above, nor any information on this site is intended as a trade recommendation.