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Elliott Wave Analysis Of The NSE 20
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mnandii
#791 Posted : Tuesday, September 01, 2015 7:37:46 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
The bear in Safcom


It appears 17.90 high will maintain for a long time in this giant.

After the 17.90 high Safcom fell to 12.60 low in a leading diagonal pattern. I expect Safcom to drop in blue wave [..b] (likely slightly below 12.60), then rise in blue wave [c] and thereby completing wave 2. As shown by the trendlines, I expect wave 2 at about the 16/- area. Afterwards expect Safcom to fall strongly.
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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mnandii
#792 Posted : Tuesday, September 01, 2015 7:42:36 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
hisah wrote:
August closes with NSE20 posting a 5.41% decline from 4415 to 4176 as global markets also posted their worst monthly decline since GFC. NSE20 also had its critical support at 4000 level get tested as fear intensified at the global markets. A lot of volume spike also appeared in August in the heavyweight counters as the slide accelerated.

September is here and global trading desk will fire back to life as summer vacation ends. My take is between now and October the markets will be very volatile. The August panic is not yet complete meaning more shakeouts are coming. If the fed does hike the USD rate, stocks will be sold. If not the usd bull will derail badly and stocks/commodities will gain. In October will IMF agree to give chingland more powers in their vote structure? This is where another bump will appear in the global markets.

September and October will be high adrelanine months. If you can't stand that endless churning stomach feeling stay away from the markets.


Applause Applause Applause

Let volatility come!
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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mnandii
#793 Posted : Tuesday, September 01, 2015 7:50:14 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
instinct wrote:
True...tho Scom might dip ex-dividend frm wednesday.

On a positive note, world markets stabilized today.. And china is cracking down on rumour mongers who caused the crash:)



d'oh! d'oh!
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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hisah
#794 Posted : Tuesday, September 01, 2015 10:36:40 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Until NSE20 experiences proper volatility I won't accept that a solid floor is being setup. Capitulation and despair must always take place before a firm bottoming process begins.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#795 Posted : Tuesday, September 01, 2015 11:14:37 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
The Wave Principle of Human Social Behaviour and The New Science of Socionomics
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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mnandii
#796 Posted : Tuesday, September 01, 2015 11:16:56 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
hisah wrote:
Until NSE20 experiences proper volatility I won't accept that a solid floor is being setup. Capitulation and despair must always take place before a firm bottoming process begins.

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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mnandii
#797 Posted : Tuesday, September 01, 2015 11:23:22 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
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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Cde Monomotapa
#798 Posted : Tuesday, September 01, 2015 1:48:05 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
August closes with NSE20 posting a 5.41% decline from 4415 to 4176 as global markets also posted their worst monthly decline since GFC. NSE20 also had its critical support at 4000 level get tested as fear intensified at the global markets. A lot of volume spike also appeared in August in the heavyweight counters as the slide accelerated.

September is here and global trading desk will fire back to life as summer vacation ends. My take is between now and October the markets will be very volatile. The August panic is not yet complete meaning more shakeouts are coming. If the fed does hike the USD rate, stocks will be sold. If not the usd bull will derail badly and stocks/commodities will gain. In October will IMF agree to give chingland more powers in their vote structure? This is where another bump will appear in the global markets.

September and October will be high adrelanine months. If you can't stand that endless churning stomach feeling stay away from the markets.


Red + Green = Yellow.

Sino already cut the redtape for offshore investing and to more sectors than extractive. Covered on the IL thread.

The above is coupled by the diversification of Sino's FX reserves.

So, Fed hikes, Sino continues on an investment spree 'burning' the USD in the mediumterm as the RMB follows. The strategic RMB hubs in place around the globe and that makes for a self styled SDR. Awesome...

No hike and it's business as usual*
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hisah
#799 Posted : Tuesday, September 01, 2015 2:03:31 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
hisah wrote:
August closes with NSE20 posting a 5.41% decline from 4415 to 4176 as global markets also posted their worst monthly decline since GFC. NSE20 also had its critical support at 4000 level get tested as fear intensified at the global markets. A lot of volume spike also appeared in August in the heavyweight counters as the slide accelerated.

September is here and global trading desk will fire back to life as summer vacation ends. My take is between now and October the markets will be very volatile. The August panic is not yet complete meaning more shakeouts are coming. If the fed does hike the USD rate, stocks will be sold. If not the usd bull will derail badly and stocks/commodities will gain. In October will IMF agree to give chingland more powers in their vote structure? This is where another bump will appear in the global markets.

September and October will be high adrelanine months. If you can't stand that endless churning stomach feeling stay away from the markets.


Red + Green = Yellow.

Sino already cut the redtape for offshore investing and to more sectors than extractive. Covered on the IL thread.

The above is coupled by the diversification of Sino's FX reserves.

So, Fed hikes, Sino continues on an investment spree 'burning' the USD in the mediumterm as the RMB follows. The strategic RMB hubs in place around the globe and that makes for a self styled SDR. Awesome...

No hike and it's business as usual*


Chingland has outwit the Fed by that devaluation trick.

Meanwhile the FTSE KE NSE15 daily chart looks like a similar rebound setup at the beginning of August. No legs. This rebound just like in August will be erased by month end.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#800 Posted : Tuesday, September 01, 2015 2:59:44 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@hisah. How long might the discount period last? And more discounts are coming, right?
The investor's chief problem - and even his worst enemy - is likely to be himself
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