EZ Stock List (Jan 24, 2011)

As tomorrow seems to be a little more shacking on our index as it is said that there's 1 T (one trillion) of ETF expiration left, then tomorrow will still be a little shock, but as I told you this can be a very limited dropping, as last trading day there's still a pull back by the end of the day. For me, I'm very optimistic that our index will end the correction soon.

Here's some stock list that we can keep for mid-term to long-term, before the interest announcement. This two stocks are very defensive as index went down sharply last days.

1. Pan Brothers (PBRX.JK)
Rating: Buy; Entry: 1440-1460; S/L: 1370-1360, TP: 2000 seems to be coming soon

2. Clipan Finance (CFIN.JK)
Rating: Buy; Entry: 590-600; S/L: 520-510, TP: 1000-1100

Happy Investing^^
Disclaimer ON!!!

JKSE Update

A little bit calming down analysis that we can see from the Fibonacci & Elliot Wave Theory which is the correction almost ends which is projected in a weekly chart. As seen below:

In which a lot of arguments that I can make to say that our index will bounce up very soon:

1. Based on the Elliot Wave Theory which is in the Bullish Phase, there will be 5 waves take place, which are 1st thru 5th wave, which odds are up-wave & evens are down-wave which is projected based on Fibonacci Retracement & I found the well suited combination of the 1st & 3rd wave Fibonacci which is well suited until this moment
2. The correction in May happened & bounced at Fibonaci 38.2% which our index is now around that level
3. Based on the Elliot Down-wave counting , which down wave in the Bullish Phase is almost the same, so I projected using weekly chart & come out 3295.1 as the figure, even though this figure hasn't been achieved yet but almost.
4. By using Fibonacci Timezones, I see that there's a similarity in the beginning of wave 1, and the correction in May before our index started the rally again, which is well suited at this moment & seems on Monday or Tuesday will be a very good day for us to accumulate.

Rating: Buy On Weakness; TP: 5050-5090 (in a year)

Happy Investing^^

Disclaimer ON!!!