Abstract
The purpose of this research is to analyse and obtain empirical evidence knowing the exact time to be predicted determining the reversal date of the Jakarta composite index (JCI) price and Gold prices can use the method of astrology, Fibonacci, Astronacci. The method used in this research is descriptive and explanatory methods. Descriptive method is used to make steps astrology, Fibonacci, and Astronacci methods to find the reversal date of the JCI and the price of Gold in the future. While the explanatory method is used to apply astrology, Fibonacci, and Astronacci methods using historical data (in 2008-2017), JCI and Gold prices. Data used in this study for 1 decade is 1 January, 2008 to 31 December, 2017. Based on the three methods, the reversal opportunity of both the JCI and the highest Gold price using the Astronacci method rather than astrology or Fibonacci alone.
Highlights
Investment is one way to utilise funds for the future
This study examines financial analysis methods based on Astrology, Fibonacci, and Astronacci to find Jakarta Composite Index (JCI) reversal dates and future Gold prices
The descriptive method is used to make steps in the Astrology, Fibonacci, and Astronacci method to find the date of the JCI reversal and the future price of Gold
Summary
Investment is one way to utilise funds for the future. There are various investment options in the real sector (such as gold bullion or jewellery, housing, land) and the financial sector (such as savings, deposits, mutual funds, gold certificates, stocks, futures contracts, foreign exchange). Stocks and Gold are examples of financial sector investments whose risk can be controlled by investors. Stocks in Indonesia are reflected by the Jakarta Composite Index (JCI). Based on Lusia and Muntari (2016, p.124), the advantages and risks of the monthly JCI using the initial-month buy price and month-end selling price references are 1.172% per month with a risk of 6.128. The price of gold futures from 2000–2016 averaged a maximum profit of 9.092% per month with a risk of 5.238.
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