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Monday 19 April 2010

Days of BLACK!!!

Today, our index (IDX / JKSE) traded lower than Friday's close, and a lot of traders & investors were shocked by the Goldman Sachs case. Let me emphasize you that the GS problem will not give impacts toward Indonesian market, and this is stated by the Financial Analyst of OSK Analyst, that said:
"Are we smug in Asia ?
No, just realistic.
Can it happen in Asia ?
Not will it,  it has happened, not to "Asia" but to S.Korean, Thai and Indonesian banks during the "Asian crisis", partially related to property loans, partially to overvalued forex rates and partially externally overexposed banks, circumstances totally different to those of the US in 2007-8. ( But it did not happened to the banks of Taiwan, Philippines, Hong Kong, China,Singpore, Malaysia and India-so much for the crisis being "Asian " )
Have the Asians learned  from the Asian crisis ?
The banking systems of the three aforementioned countries did change dramatically, the rest of the systems not really, except for the partial privatisation of the Chinese banks, which was not related to the Asian crisis anyway"
So, tomorrow will be a bright day, even US indexes are not traded a lot lower today. So, tomorrow will be a very bright & clear day. We can start to BUY ON WEAKNESS tomorrow.

See the chart below, as the confirmation for tomorrow, if the candle is a white candle & traded above 2871.94, then the next day might be a bright day,as Technical analysis learned the trader's behavior.

Happy Investing^^
Disclaimer ON!!!

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