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NSE North Trade Winds
StatMeister
#1 Posted : Thursday, August 04, 2011 1:25:27 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Key leading indicators of a (mini)-rally are as follows:
* Increased foreign demand
* Up-movement in foreign favourites and highly liquid counters (Saf, EABL, BAT, Kengen, KPLC etc)
* Shilling Forex gains
* Stock index gains in other emerging markets

My 2 cents
A bad day fishing is better than a good day at work
VituVingiSana
#2 Posted : Thursday, August 04, 2011 1:57:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
None of the above apply so must be a South Wind!

KPLC & KenGen are down
KShs notes will be worth less than sheets of toilet paper
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
StatMeister
#3 Posted : Thursday, August 04, 2011 3:01:20 PM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
@vvs, these indicators would lead the index by weeks.

The NSE 20 opened today at 3745. Am betting on 3900 by 19th August.
A bad day fishing is better than a good day at work
Cde Monomotapa
#4 Posted : Thursday, August 04, 2011 3:32:00 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Let's also see how turnover/liquidity fairs next week & beyond with the close of Britak IPO tomorrow.
mnandii
#5 Posted : Thursday, August 04, 2011 3:58:09 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Meanwhile Ksh to USD falls to 92.10 today!
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
the deal
#6 Posted : Thursday, August 04, 2011 4:25:10 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mnandii wrote:
Meanwhile Ksh to USD falls to 92.10 today!

A century against the USD will be goodsmile

It can always strengthen after 2012
cnn
#7 Posted : Thursday, August 04, 2011 7:17:25 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Markets across the globe falling sharply today,losses of more than 3.5% in Europe and for the US.Brazil's market off 6% at this hour!.
Sufficiently Philanga....thropic
#8 Posted : Thursday, August 04, 2011 10:01:36 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Even the JSE got a severe beating yesterday going down by more than 300 points!
@SufficientlyP
Cde Monomotapa
#9 Posted : Thursday, August 04, 2011 10:10:07 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Sufficiently Philanga....thropic wrote:
Even the JSE got a severe beating yesterday going down by more than 300 points!

The problem with SA is that they did more business abroad when the rest of Sub-Saharan Africa was poor. The birds are roosting.
Cde Monomotapa
#10 Posted : Thursday, August 04, 2011 10:12:24 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
60 dollar crude!!
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