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Bearish divergence is very powerful bearish signal which almost 90% fetch target of the price.Our research team finds existance of bearish divergence on DJIA monthly chart in confirmation by rising wedge pattern. Bearish cycle of DJIA is estimated to continue till end of 2010. In between May to October 2009, we forecast DJIA having rebound opportunity to 10.700 - 11.300. The divergence has a beauty pattern that can be seen using fibonacci retracement. After the last through of divergence reached, the price will pullback to the golden ratio then start the real bearish movement. In this case, we forecast DJIA will reach 10.700-11.300 in September - October 2009. After retraced to the golden ratio, the price may be fall for 5 major wave cycle to below 5.000. By using complete fibonacci analysis, we estimate the bearish trend will end at level 3.500 - 4.000 around June 2010 and the bullish divergence may be appears. Finally we recommend to close all trading position in September - October 2009 and set trading position to Short only in stocks market. Analyst Certification: The views expressed in this research report accurately reflect the analyst's personal views about any and all of the subject securities or issuers; and no part of the research analyst's compensation was, is, or, will be, directly, indirectlyrelated to the specific recommendations or views expressed in the report. ©2008 Stocksforliving Indonesia,Ltd All rights reserved. Except as specifically permitted, no part of this presentation may be reproduced or distributed in any manner without the prior written permission of Stocksforliving Indonesia,Ltd. Analyst : Gema Merdeka Goeyardi Stocskforliving Indonesia,Ltd g...@stocksforliving.com <http://id.mc762.mail.yahoo.com/mc/compose?to=g...@stocksforliving.com> This e-mail address is being protected from spambots. You need JavaScript enabled to view it www.stocksforliving.com
