Magnus Capital: the index will Fluctuate
On Friday last week TRADE on Trading successfully closed up 13 points to level with the value of transactions valued at 3821 Rp 2.8 trillion and foreign net buying had $ 427.8 billion. IHSGmencatat increase by 3.2% during the 2011dan was eighth in 2 best in the Asia Pacific region.
The Dow jones index at the close of trading last week closed weakened 69.48 points at 12217.56, but still recorded a rise in Dow jones 6.13% through the year 2011 this week, a factor that will be noted investors is the phenomenon of January Effect which is investors bought back shares have been sold before the close of last year and is usually done at the beginning of January. Global factors, such as US Job report (December) on Friday and reports Q4 ' 03 U.S. issuers is expected to affect the movement of the index this week.
Technical aspects, the index managed to close on the resistance 3821. If the level was successful in the translucent, then it may be headed next, 3833. resistance Candlestick resumed rising above 5 and 10-day MA. Stochastic indicators form a golden cross on a normal area. The index is expected to fluctuate strengthened on range 378-3833.
