Market Strategist 10-09 August: IHSG & DJIA

IHSG Combo Technical Analysis (CTA):  Dow Theory/Gann Grid/Elliott Wave/Fibonacci/Modern TA (DMI/Stochastic/MACD/Zig Zag)/Candlesticks.
IHSG telah mencapai 2 target: 1. Resist di 3.100an (panah biru) dan target support di 2.970 (arah panah kuning).  IHSG menunjukkan kenaikan terbatas dibawah 3.100, karena stochastic dead cross dan wave koreksi abc.

 IHSG Market Profile: 

Sell 3.090/3.100 target 3.000 stop 30p. Sell breakout 3.045 target 2.970 stop 30p.
Track Record IHSG (since end of March 2010) : 52 Recommendations (36 profits: 4 break even: 12 loss) = (+20p+45p+73p+53+60p+45p+63p+0p+27p+50p-20p+13p+40p+45p+40p+29p-30p-154p-75p+80p+26p+0p+28p+80p+62p+53p+20p+0p+70p+99p+135p-20p-30p+50p+60p+100p+0p-55p-30p+59p-30p-20p-30p-30p+45p+70p+74p+57p+35p+50p). Total : Net +1531 points = Average 29.44 point. 

DJIA Market profile:

Wave 3/c dalam B is on the way. DJIA masih downtrend channel & dibawah 200-day MA (10.712), lower high lower low, divergence bearish.

(04/08) Hold Sell 10.690 & SELL breakout 10.510 target 10.300 stop 50p. Buy 10.305 target 10.600 stop 50p. 

Track record 43 Trades: (-65p-30p+370p + 280p+190p-30p+230p-30p+120p+200p-40p+280p+198p+205p+110p-30p+70p+200p+150p-50p-30p-30p-30p+145p-50p-30p+175p-50p-50p-60p-50p-50p+225p+100p-55p+100p+380p+220p+230p-100p-60p+265p+20p+80P). Total Net +3583 points = Average +83.32 points/trade.