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How to tell NSE has bottomed out
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hisah
#411 Posted : Monday, August 22, 2011 7:50:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:
NSE sheds 35.67 points to settle at 3510.65 points.
Another loss at the NSE tomorrow and we will be below 3,500 points, where we've been out of since Jan 18th 2010!19 months gains look all set to be wiped out!
@Hisah, what say you?


By Friday we will know if last week's bounce had legs or not. I noticed a lot of counters did not trade today.
Seems like Ocampo has spooked the top brass 9 days before the hearing start on Sept 1st. This can easily create uneven reaction as @erifloss puts it. In Europe things are still foggy and with the forex markets being almost stationary, that is not a good sign for risk appetite.

Anyhow, the lower the market, the better the fat-tail smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25071985
#412 Posted : Monday, August 22, 2011 8:28:44 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Volume ! Volume ! Volume ! Volume ! Volume !
The key word here is volume. What i expect is to see a ranging type of movement as opposed to another round of selling .
Some counters didnt even trade !!!!!!!
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the deal
#413 Posted : Monday, August 22, 2011 9:08:23 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Here is one hell of an interesting article

A lot of Kenyan companies are facing the possibility of seeing their finance costs escalate as interest rates surge, the Central Bank of Kenya (CBK) has been on tightening spree off late as it seeks to reign into the runway inflation which surpassed 15% last month on the back of the dwindling Shilling


Read More here http://www.contrarianinv...nterest-rates-surge.html
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hisah
#414 Posted : Monday, August 22, 2011 10:40:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
QW25071985 wrote:
Volume ! Volume ! Volume ! Volume ! Volume !
The key word here is volume. What i expect is to see a ranging type of movement as opposed to another round of selling .
Some counters didnt even trade !!!!!!!

A disclaimer here is if you wake up to Europe debt bombs aka defaults, it'll be a sellout market even at these oversold levels... Keep an eye on that more than Ocampo.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#415 Posted : Tuesday, August 23, 2011 9:27:45 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
We shout ourselves hoarse, Justice! Justice! Justice! Now that it's nigh...U wan go susu in pant Laughing out loudly Laughing out loudly Kenyans...or is it human nature?
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the deal
#416 Posted : Tuesday, August 23, 2011 1:08:52 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I have been saying watch out for the 3500 mark...*red Lights flashing*
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hisah
#417 Posted : Wednesday, August 24, 2011 5:23:43 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
the deal wrote:
I have been saying watch out for the 3500 mark...*red Lights flashing*

Have a look at the number of counters (esp bluechips) with oversold monthly RSI similar to NSE. These will bounce hard once the rebound picks. I'll stick to 2 counters (bluechip) only.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#418 Posted : Wednesday, August 24, 2011 7:41:12 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
How many bluechips do we have in the nse.
"Don't let the fear of losing be greater than the excitement of winning."
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Hunderwear
#419 Posted : Wednesday, August 24, 2011 7:54:16 AM
Rank: Member

Joined: 4/14/2011
Posts: 639
mlennyma wrote:
How many bluechips do we have in the nse.

A better question wud be which are the blue chip companies in the nse?me thinks NMG,EABL,BAT,KPLC,KCB any others?
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QW25071985
#420 Posted : Wednesday, August 24, 2011 10:38:30 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
I guess things arent that bad in the banking sector...Phew! thats a relief !!!

http://www.bloomberg.com...through-end-of-june.html
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