Pages

Thursday 6 May 2010

Long time no update, now my computer is working again. You all can get extra info from me now. Today, we can see that today JKSE moved really wild, and can be said as too wild. Based on the Elliot wave theory the stock is now moving downward, as the bottom of the "wave 3" is broken now,so the wave become vice-versa, now we are in a down wave-1. The target is 2831, and tomorrow might be a little droppings, with a technical correction at the following day.

But unfortunately, that the technical shows a very bad indications, which showed a no-good-at-all indications of "BEAR MARKET". We can see that EMA4-EMA13, has dead-crossed, then the MA5 is crossed downward, which is a sell signal, EMA5-15 almost dead crossed, W%R slide down to oversold area, While Stochastic is still at overbought area.

Seems, the bubble has just splashed, and index will be corrected quite deep in this few days to weeks. The bad sentiment of downgrading ratings of European country, the issue of the other crisis is coming from Europe & China. The resign of our Minister of Finance, Sri Mulyani Indrawati, is one of the eeffect, as people feel fit to her, as well as investors, which created a fit point between markets & civilians. So, the government must find a Minister with the capability to 'fit' both position who can stabilize the economy just like SMI.


 See the charts below of indicators...


Happy Investing^^
Disclaimer ON!!!

No comments:

Post a Comment

Please comment as you wish and share this if you like :)