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The NSE on a Bear Run
the deal
#1 Posted : Tuesday, November 30, 2010 9:50:45 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Its official the NSE is on a bear run, after 6 days of relentless straight losses and the NSE20 breaking through the pivot(4500), this downward trend may take months to reverse.
Sober
#2 Posted : Tuesday, November 30, 2010 10:04:44 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
I have promised myself not to be worried with this, instead, i am keeping enough cash to swing in at the opportune time.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
My 2 cents
#3 Posted : Tuesday, November 30, 2010 10:07:40 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,090
Where's the chap that was asking if we are in a bull market, a week ago?
Njung'e
#4 Posted : Tuesday, November 30, 2010 10:08:27 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@the deal,
This is cyclic....It's spending time.
Nothing great was ever achieved without enthusiasm.
Aguytrying
#5 Posted : Tuesday, November 30, 2010 10:20:13 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
true. I dont think it will last.
The investor's chief problem - and even his worst enemy - is likely to be himself
wangugi
#6 Posted : Tuesday, November 30, 2010 10:29:54 AM
Rank: New-farer

Joined: 10/5/2010
Posts: 23
its possible for there to be a reversal in the second half DEC, there has been a tendancy for shares to rise around this period.
check out this graph

http://live.mystocks.co....ls;v=ovr;ind=rsi;linked

wangugi
#7 Posted : Tuesday, November 30, 2010 10:37:32 AM
Rank: New-farer

Joined: 10/5/2010
Posts: 23
the 9 mths RSI for the NSE20 is currently below 30, indicating an oversold condition and a possibilty for a reversal
Sober
#8 Posted : Tuesday, November 30, 2010 10:49:43 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
Am waiting for someone to post here a weird idea like ''guys are selling to get cash for the festive season''
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
ProverB
#9 Posted : Tuesday, November 30, 2010 10:52:54 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
Sober wrote:
Am waiting for someone to post here a weird idea like ''guys are selling to get cash for the festive season''


LOLLL!!!! ama school fees ya form One. smile
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
qw25041985
#10 Posted : Tuesday, November 30, 2010 11:29:15 AM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
We areNOT in a bear run .guyz come on . Do we have real investors in this house !!!!!!!!!!!!!!!!!!!! When did the bull market end ?We arent even half way through it. Or it only lasted 1 year .LOL ! What is happening is that investors (foreigners) who control the n.s.e - lets admit it - are scalling back on invetment in the local brouse coz of the euro debts problems.As you'll note if you watch CNBC that allmost all foreing exchanges are in the red.From ftse to NYSE to LSE coz of all the talk about portugal and spain and other european countries spreading their indebtness to all of Europe.
Once this panic stops they'll be back and they better find you stocked w/ high performing shares.Coz they really can push up the index.
Now is the time to stock up in the quite of the market.
Your future depends on your dreams so go to sleep !
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