TIME to Get WORK again

Period this year Ramadan begins on August 11 to 9 September 2010. At the close of August 10, 2010, JCI was perched at the level of 3057.161. At the close of 7 September 2010 (last trade before the Lebaran), JCI has increased by 173.727 points (5.68%) to the level of 3230.888.

Compare with transactions in the period of Ramadan in 2008 and 2009. In 2008, the period of Ramadan took place on 1 to September 30, 2008. At the close of business August 29, 2008, JCI was in the level of 2165.943. At the close of trading the end of Ramadan on September 29, 2008, the Composite Index decreased by 333.436 points (15.39%) to the level of 1832.507.

After long holiday, now it’s time to working again. When look IHSG chart, I shocked how can this happened. Candlestick still moved up although in holiday week. This time I am using FIBONACCI RETRACEMENT for my new technical analysis method.



1. IHSG near the TOP 2340 point (123% fibo), next pullback down to 3104 point(100% fibo).
2.MACD signal show BUY
3.Momentum line almost show BUY, if the green line break UP the blue line.
4.Relative Strength Index still GOOD condition, moving in range between 50%-70%.

Many friend asked me,” whether I should buy now???” I SAID “NOOOOO”!!!!! Please be patient, wait till candlestick back to 100% fibo or touch moving average 30 days. Should not feel too late to buy, coz it will back DOWN SOON. HAPPY N SAVE TRADING!!