JSX update 01/18/08

Today we see that JSX little bit shows weakening momentum to the downside...It tells me that market migth be take a rally for a while next week...but only for a while...I also notice that a few of individual stock is ready to move upwards...leading the markets by their strength...I still believe that this break is not ending yet...see you next week...be carefull in your picking...there is a lot of bad stock now...because we have an indication to be bearish in mid term.

JSX View

JSX is down almost 6 % when I am writing this post. This is the second down days after it signaled weak upthrust yesterday. I already have seen this fenomena since the beginning of December 07. And it happen today...with my projection Target is about 2200-2400 area.

Not too ambitious target, because We already have had weakening monthly trend since last correction last year...and our trend since August 07 is already break...and I don't surprised if JSX will only have small gain this year.

I told this to some of my friends, but they told me that their fund manager (one of the most popular in Indonesia) said it will be at least 30% gain this year...I regret that I didn't start to write in this blog early...but it is better to be late than never...keep reading my blog...I will post all my thought about stock market indonesia...JSX...and sometimes, the stock that i trade.