Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Sufficiently Philanga....thropic wrote:dunkang wrote:hisah wrote:I started the bottomed out thread on July 13, 2011 when the market was skidding with no brakes and felt endless. You are on the right track about topping out if you read the bottomed out 1st post. I have been bearish this market since Nov 2013 while the market has continued to meltup. I closely follow Mpesa bank and it has proved to be a reliable signal since its IPO debut. The likes of @mukiri has been throwing stones at me for being the party spoiler with my never appearing sizable market selloff. False prophesy etc  NSE20 has the buying climax symptoms across many counters. When crappy stocks (very small caps) rally on endless price gaps on small volume, the market has run out of quality picks! @hisa, you have been singing this climax song for soooo looong, remember you sold SafCom at 5.80/-, didn't you? I dare say, lets throw away all the valuation b.s and swim with the tide!!! True but remember, the trend is your friend except at the end when it bends - Ed SeykotaAnd we could be right at the end of that trend.Yesterday's NSE close of 5406 could as well be the top. Today, we were down 29 points. The top will be confirmed by week close. Watch out for the divergence, what @Hisah calls price gaps which have to be filled. Don't write him off as yet. As i finish, most of this bull run you are seeing has been due to foreign buys. When the FED ups its cbr from 0.25 by mid June next year, the correction will be one to watch! Locally, CBK has begun the excess liquidity mop up to tame the KES pressure. Higher interest rates are on the way. A shift to fixed income will follow. #Staytuned Britam is -50% to date from Monday Sept 22nd highs. #shackles @SufficientlyP
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