Wednesday, 19 May 2010

JCI - red alert!!!

JCI has broke its support (MA79) and going to test fibo 50%. Now, we have to worry because the effect of crisis in European union is getting bigger and bigger. As per now, 11:42 PM WIB, DOW falls 1,04% because of this: "NEW YORK (Reuters) - U.S. stocks fell on Wednesday as Germany's decision to ban naked short-selling of certain financial instruments fueled investor worries about exposure to riskier assets and about the global economy."

I think, we better stay away from the market for a while until the European crisis is getting better, if we cannot say it's over. Or, you can short your own stocks and cover it back at the lower prices...

Regards,
JNS
~We do our best and GOD will do the rest~