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Sunday, November 28, 2010

SIDEWAYS AGAIN

IHSG candlesticks formed SIDEWAY formation, with resistance line at 3753 point and support line at 3640 point. NOW candlestick touch moving average 30 days or I can say support line. I estimate that tomorrow it will rise again a little.


1. Moving average 30 days, 40 days , and 60 days line get closer. Watch out for DEAD CROSS (Moving average 30 days line cross down moving average 40 days line) .

2. MACD progressively decreased.

3. Momentum still Indicate BULL position. Green line still above Blue line. Check Picture.

4.WATCH OUT Relative strength Index is touching 50%.

My opinion, IHSG now in a state of uncertainty, it can be BULL or it can be BEAR. But the direction of movement will emerge in December.

CRAZY AS I SAID. Today 28 November 2010, one of head technical analyst said that IHSG can touch 5600 points on 2011. This often makes me scared, with this kind of BIG GAIN OPINION from broker that need your money, of course they always say it will be GAIN.

Remember what happened at January 2008, many technically analyst got BIG HEAD, they said that IHSG would got 3500 on December 2008. But the truth it slumped to HELL.

Although IHSG on SIDEWAYS POSITION, DOW JONES INDUSTRIAL and HANG SENG formed BEAR position.

My suggestion sell your stock if still profit. Tha tha and save trading.

2 Comments:

Anonymous said...

What do you think about WIKILEAKS?
Thanks

Anonymous said...

الأشياء الجيدة جدا.