Stock Market at Crisis
If we see Jakarta Composite Index (JCI), downed by -10% in March 2008, then -5% in April 2008, then up by +6% in May 2008, then downed by -3.89% in June 2008, -1.89% in July 2008, -6.01% in August 2008, -15.39% in September 2008, -31.42% in October 2008. These are in bearish months. JCI closed at 1256.704 downed by 54% since Dec 2007 that closed at 2745.826.
JCI then downed by only -1.20% in Nopember 2008. It gave us signal that market was over sold. Then, JCI up by +9.17% in Dec 2008 as a start of new bullish era. JCI then downed by -1.67% in January 2009, -3.54% in February 2009, and up by +11.55% in March 2009, +20.13% in April 2009, +11.26% in May 2009, +5.73% in June 2009, +14.62% in July 2009, +0.78% in August 2009. It gave us signal that the market is on over bought level, and will be corrected in the short term. JCI closed at 2341.537 in August 2009 has increased by 88% since End of Nopember 2009 which is closed at 1241.541.
In 2011, JCI downed by -7% in August and then -7.62% in September. Will it continue to down again? by what percentage? We will see it.
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Mamat Rohimat