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Elliott Wave Analysis Of The NSE 20
Rank: Member Joined: 12/17/2013 Posts: 118
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mnandii wrote:DBLyon wrote:@mnandii, assuming you've taught yourself to read charts, kindly point me in a good direction to start to get some rudimentary knowledge? I know I saw some links a while back and possibly some books. Anyone with the link to those posts?? There is alot of resources on Elliott Waves. Just give me a moment. Am sorting you. @Mnandii,on the same note,where does one start to get chart reading skills? KCB,NMG,PAFR
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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DBLyon wrote:@mnandii, assuming you've taught yourself to read charts, kindly point me in a good direction to start to get some rudimentary knowledge? I know I saw some links a while back and possibly some books. Anyone with the link to those posts?? 1. Download the ebook ( or read it at www.elliottwave.com) Elliott Wave Principle: Key to Market Behaviour by R. Prechter and A.J. Frost. 2. Sign up for a free account at www.elliottwave.com. Study all labelled charts. Attend webinars whenever there are any. 3. Most important download the 3.7 Gb torrent [elliott+wave+educational+series]. Or buy it at www.elliottwave.com website. That's what you need. NB: Watch the Rules and Guidelines of Wave Formation repeatedly till they stick to your brain. Also, don't ever bother about fundamental analysis, ever! 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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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yosie14 wrote:mnandii wrote:DBLyon wrote:@mnandii, assuming you've taught yourself to read charts, kindly point me in a good direction to start to get some rudimentary knowledge? I know I saw some links a while back and possibly some books. Anyone with the link to those posts?? There is alot of resources on Elliott Waves. Just give me a moment. Am sorting you. @Mnandii,on the same note,where does one start to get chart reading skills? Check post 202. All the best. 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.
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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mnandii wrote:DBLyon wrote:@mnandii, assuming you've taught yourself to read charts, kindly point me in a good direction to start to get some rudimentary knowledge? I know I saw some links a while back and possibly some books. Anyone with the link to those posts?? 1. Download the ebook ( or read it at www.elliottwave.com) Elliott Wave Principle: Key to Market Behaviour by R. Prechter and A.J. Frost. 2. Sign up for a free account at www.elliottwave.com. Study all labelled charts. Attend webinars whenever there are any. 3. Most important download the 3.7 Gb torrent [elliott+wave+educational+series]. Or buy it at www.elliottwave.com website. That's what you need. NB: Watch the Rules and Guidelines of Wave Formation repeatedly till they stick to your brain. Also, don't ever bother about fundamental analysis, ever! Much appreciated. LOL @not ever bothering with fundamental analysis. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Elliott Wave Principle, pg 109.  EWP, pg 116.  EWP, pg 130. 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.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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DBLyon wrote:mnandii wrote:DBLyon wrote:@mnandii, assuming you've taught yourself to read charts, kindly point me in a good direction to start to get some rudimentary knowledge? I know I saw some links a while back and possibly some books. Anyone with the link to those posts?? 1. Download the ebook ( or read it at www.elliottwave.com) Elliott Wave Principle: Key to Market Behaviour by R. Prechter and A.J. Frost. 2. Sign up for a free account at www.elliottwave.com. Study all labelled charts. Attend webinars whenever there are any. 3. Most important download the 3.7 Gb torrent [elliott+wave+educational+series]. Or buy it at www.elliottwave.com website. That's what you need. NB: Watch the Rules and Guidelines of Wave Formation repeatedly till they stick to your brain. Also, don't ever bother about fundamental analysis, ever! Much appreciated. LOL @not ever bothering with fundamental analysis. There was a time on wazua that chartists were called cartoonists and the charts called cartoons. The guys of fundamental analysis have gone quiet but please don't dismiss us yet.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Interesting. Dow crosses below 17000! 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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mkonomtupu wrote:DBLyon wrote:mnandii wrote:DBLyon wrote:@mnandii, assuming you've taught yourself to read charts, kindly point me in a good direction to start to get some rudimentary knowledge? I know I saw some links a while back and possibly some books. Anyone with the link to those posts?? 1. Download the ebook ( or read it at www.elliottwave.com) Elliott Wave Principle: Key to Market Behaviour by R. Prechter and A.J. Frost. 2. Sign up for a free account at www.elliottwave.com. Study all labelled charts. Attend webinars whenever there are any. 3. Most important download the 3.7 Gb torrent [elliott+wave+educational+series]. Or buy it at www.elliottwave.com website. That's what you need. NB: Watch the Rules and Guidelines of Wave Formation repeatedly till they stick to your brain. Also, don't ever bother about fundamental analysis, ever! Much appreciated. LOL @not ever bothering with fundamental analysis. There was a time on wazua that chartists were called cartoonists and the charts called cartoons. The guys of fundamental analysis have gone quiet but please don't dismiss us yet.  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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 DOW. Falling in a third wave. Expect fireworks today and tomorrow. 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.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Are global stock markets about to tank?..
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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Has anyone done a study on the effect of the fall of international markets on our markets here? The ripple effect e.g. of the previous real estate meltdown that wreaked havoc on our interest rates? Has this ever happened before the said 2010 period? Any patterns with regards to timing before the effects get here, etc.? Reasons for the far-reaching effects? I would be very interested to know. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mnandii wrote:DOW. Falling in a third wave. Expect fireworks today and tomorrow. Been short Dow and FTSE since Sep 23rd. Expecting Dow to trim around 1000pts (thanks to Alibaba IPO) as well as FTSE should slide towards 6200 (thanks to a positive Scottish referendum). Always trading against extreme sentiments $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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ecstacy wrote:Are global stock markets about to tank?.. Very much so.  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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:Our triangle ended at 4863.87 points. The bull guys are happy about is the progressing impulse wave shown here.  So far we have waves 1,2, an extended wave 3 and a wave 4. Like below:  Wave sizes: Wave 1 = (5022.36-4863.87) = 158.49 Wave 2 = (5022.36-5003.78) = 18.58 Wave 3 = (5406.39-5003.78) = 402.61 Wave 4 = (5406.39-5216.96) = 189.43 Golden ratio relationships: Wave 3 = Wave 1 X Fib. 2.618 = 414.93. Accurate to within 12 points. Wave 4 is about half wave 3. Also notice alternation between waves 2 and 4. Wave 2 is shallow and wave 4 goes deeply into wave 3. Quote:Alternation
The guideline of alternation is very broad in its application and warns the analyst always to expect a difference in the next expression of a similar wave. Hamilton Bolton said,
The writer is not convinced that alternation is inevitable in types of waves in larger formations, but there are frequent enough cases to suggest that one should look for it rather than the contrary. Elliott Wave Principle: Key To Market Behaviour. Quote:Alternation Within Impulses
If wave two of an impulse is a sharp correction, expect wave four to be a sideways correction, and vice versa Elliott Wave Principle: Key to Market Behaviour. The target of 5473.4 is obtained following the guideline of equality which states that if wave 3 is extended then expect wave 5 to be related to wave 1 by equality. Failing equality, a Fibonacci multiple should be applied. Thus: Wave 1 = 158.49 If wave 5 = Wave 1, then wave 5 should end at 5375. Since this level has been surpassed the next target is: Wave 1 X 1.618 = 158.49 X 1.618 = 256.44 points. Added to wave 4 low gives a target of 5473.4 i.e [5216.96 + 256.44]  Beware! Top right corner of the NSE 20 share index is in a triangle formation. One more swift and final move to the upside expected.  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.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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And yes. Some universities in Kenya have now launched a BSc in Real Estate!!! These are flashing signs of a top in the real estate market. 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.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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mnandii wrote:To the point. "Charts tell the truth", Prechter. As I have stated for most of this year, we are in the cusp of a very large bear market. The charts lend credence to this. To reiterate, the NSE 20 Share Index should drop, within the next two years, to below 2360. Yes. You read that right! Long term working chart:  The NSE has been climbing in wave B which I now anticipate to end at 5473.4 points. Details below. For NSE to fall below 2,360 we shall need to be on a serious recession, probably in war! I respect charts but this just won't happen. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Member Joined: 6/15/2013 Posts: 301
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mnandii wrote:ecstacy wrote:Are global stock markets about to tank?.. Very much so. My gut feeling tells me too that the bull has run out of energy. Currently i don't think it will pass 5500. What was the peak the NSE reached before the 07 /08 recession? However for the markets to tank there needs to be a trigger.....other than global triggers, in Kenya what could that trigger be? Even if tourism has taken a hit the GDP growth is still over 5% (which is respectable) and likely to be for the foreseeable future. The Jubilee government seems determined to implement development projects before 2017 e.g. roads, rail, electricity, dams, agriculture etc. Unless a massive withdrawal of foreigners takes place in the NSE i cant foresee Kenyan dominated triggers. Maybe we should be looking at the global economy for signs of correction.
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Rank: Member Joined: 1/14/2014 Posts: 178
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The tourism sector seems set for a recovery with the lifting of some of the travel bans like from UK and others and the entry of global hotels into the Kenyan market as this article says. See also the caption of the photo in the article. Hence i agree with @Mulla that chances of a Kenyan trigger are low considering the terrorist attacks also did not dip the market too much. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Member Joined: 1/14/2014 Posts: 178
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mnandii wrote:And yes. Some universities in Kenya have now launched a BSc in Real Estate!!!
These are flashing signs of a top in the real estate market. @Mnandii why do you say that the introduction of degrees in real estate marks the top in the real estate market. Did you mean its a "coming of age" of the industry or you meant the market has reached climax of growth? Please clarify. Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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mnandii wrote:ecstacy wrote:Are global stock markets about to tank?.. Very much so. @mnandii  Is this the October surprise? markets tanking all over
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