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Elliott Wave Analysis Of The NSE 20
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moneydust
#601 Posted : Friday, July 31, 2015 2:58:32 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
Metasploit wrote:
Its bad..very bad

Those critical multi year support are being broken like i dont know what

This is where one is required to have the nerves of steel..
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Metasploit
#602 Posted : Friday, July 31, 2015 3:03:16 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Greed came in Equity and KCB to sustain price above 37 and 45 respectively.

But for how long ? Holes have been poked and weaknesses exposed.

For equity 35-36 was the entire 2013 support level!!!!

Next support is 20s.This is worse and fast than we thought

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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  | | Edit by user: Friday, July 31, 2015 3:04 PM | Reason: Not specified
Metasploit
#603 Posted : Friday, July 31, 2015 3:09:44 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
oct 2013 to june 2014 KCB support at 48.Already breached.

Next support is 40-41 and then we hit the 2012 lows.

@ Hisah its unimaginable that this is now a real possibility.Just shocked at the speed..If soo how will 2016 behave considering banks will report flat or negative figuresPray Pray

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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hisah
#604 Posted : Friday, July 31, 2015 4:10:46 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Metasploit wrote:
oct 2013 to june 2014 KCB support at 48.Already breached.

Next support is 40-41 and then we hit the 2012 lows.

@ Hisah its unimaginable that this is now a real possibility.Just shocked at the speed..If soo how will 2016 behave considering banks will report flat or negative figuresPray Pray

The swift reversal of the entire 2014 and 2013 rally is indeed a shocker! d'oh!

If we continue this way PPT will start being active openly when the market circuit breakers start triggering!

Top 5 Losers board reads
KAPC - 9.92% down @218
KQ - 9.52% down @5.70
ARM - 8.70% down @63
BAT - 7.14% down @741
NBK - 5.50% down @18.90

Been a while since I saw such heavy losses in the top 5 losers board.

2016 will be a bargains galore at this rate!

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#605 Posted : Friday, July 31, 2015 4:47:21 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@hisah. If things are happening faster than anticipated, would it not mean that the end and recovery will be ahead of schedule. Or the bear has to run its course no matter what
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#606 Posted : Friday, July 31, 2015 5:13:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
@hisah. If things are happening faster than anticipated, would it not mean that the end and recovery will be ahead of schedule. Or the bear has to run its course no matter what

We're not yet at that point. Panic central will be very clear. E.g. the index falling by 5% or more in a week.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#607 Posted : Friday, July 31, 2015 7:19:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NSE20 closes @4404. Very slippery here as support levels get sliced.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#608 Posted : Friday, July 31, 2015 7:56:52 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
NSE20 closes @4404. Very slippery here as support levels get sliced.


I'm loving the madness. It's beautiful. Today 1.84% was shed.

The hopefuls will soon dissappear. I'm surprised my laggards have hardly moved. I think they already hammered to begin with. I cashed out of overvalued stocks like a year before this bear point, but I wasn't trying to predict the future. Just process
The investor's chief problem - and even his worst enemy - is likely to be himself
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snipermnoma
#609 Posted : Saturday, August 01, 2015 6:33:04 AM
Rank: Member

Joined: 1/3/2014
Posts: 257
Having a target is excellent advice. Like your tagline says "The investor's chief problem - and even his worst enemy - is likely to be himself." This rings true for me. I have had to learn to watch my appetite, to enable me set reasonable targets and book profits when they are reached. Then re-enter if it makes sense. Now it is time to wait for the bear to rampage then re-enter just after the recovery begins.

Aguytrying wrote:
snipermnoma wrote:
I have been sitting it out, exited a bit too early but the clouds turned grey and my risk tolerance threshold was crossed so I liquidated a couple of months ago. Now the bear is roaming in town and bargains are going to be available. I dare say with the oncoming dip, the problem is going to be too many options available. Which counters to pick up and which ones to pass. Better start your planning now so that when time comes you strike without second guessing yourself.


Way ahead of you. I have targets and target prices(range). compiled in february 2015. But I see you are hunting them in sniperly fashion as well
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  | | Edit by user: Saturday, August 01, 2015 6:35 AM | Reason: Not specified
snipermnoma
#610 Posted : Saturday, August 01, 2015 6:43:41 AM
Rank: Member

Joined: 1/3/2014
Posts: 257
I know you said "may" but it is looking ever so unlikely. The macro economy doesn't point to a bounce. Looking at the chart you posted we are in a wave iii, unless I'm not seeing something.

Do your chats show you otherwise?

mnandii wrote:
Relax!

Don't panic.

A strong bounce in the NSE 20 Share Index may yet be on the cards!
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