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How to tell NSE has bottomed out
Rank: Member Joined: 8/17/2011 Posts: 207 Location: humu humu
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I have been waiting earnestly to see what will happen when nse drop breach Hisas now famous 4860....
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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kaifastus wrote:I have been waiting earnestly to see what will happen when nse drop breach Hisas now famous 4860.... If monthly close on April 30 2013 is lower than 4860, the current uptrend from Nov 2012 will have triggered a reversal. NSE20 has been printing monthly higher highs since Nov 2012 and if April closes below 4860 that uptrend will be broken meaning selling pressure is taking over. I don't mind the correction as long as it does not break below 4400. Near term support levels are 4600, 4545 (SMA 50) and 4400.
Illustration with RSI divergence
5yr Illustration with simple moving averages (SMA) - 20 day, 50 day and 200 day. Bullish cross noted in 2013 as 50 day cross over 200 day.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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A strong treasury/finance secretary and a generally good cabinet will give the NSE some very short-term upside Sehemu ndio nyumba
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Mainat wrote:A strong treasury/finance secretary and a generally good cabinet will give the NSE some very short-term upside plus wrangle free vetting process. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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hisah wrote:kaifastus wrote:I have been waiting earnestly to see what will happen when nse drop breach Hisas now famous 4860.... If monthly close on April 30 2013 is lower than 4860, the current uptrend from Nov 2012 will have triggered a reversal. NSE20 has been printing monthly higher highs since Nov 2012 and if April closes below 4860 that uptrend will be broken meaning selling pressure is taking over. I don't mind the correction as long as it does not break below 4400. Near term support levels are 4600, 4545 (SMA 50) and 4400.
Illustration with RSI divergence
5yr Illustration with simple moving averages (SMA) - 20 day, 50 day and 200 day. Bullish cross noted in 2013 as 50 day cross over 200 day.
Past 2013 that pattern looks discouraging.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FTSE NSE indices continue posting lower lows. NSE20 will likely close below 4800 today. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE wrote:Turnover rose to Kes.289M from the previous session’s Kes.203M, the number of shares traded stood at 21M against 22M posted yesterday.
The NSE 20 Share Index was down 0.31% to stand at 4824.44 points.
All Share Index (NASI) shed 0.28 points to stand at 117.98. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:FTSE NSE indices continue posting lower lows. NSE20 will likely close below 4800 today. @hisah, whats the link for monitoring the FTSE NSE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:hisah wrote:FTSE NSE indices continue posting lower lows. NSE20 will likely close below 4800 today. @hisah, whats the link for monitoring the FTSE NSE http://goo.gl/2eNSl
Very basic though since it only shows a 5 day history. FTSE doesn't say how you can get full index data.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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How to tell NSE has bottomed out
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