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Elliott Wave Analysis Of The NSE 20
hisah
#1501 Posted : Thursday, February 04, 2016 3:47:53 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mpesa bank has become volatile of late...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1502 Posted : Thursday, February 04, 2016 4:36:22 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Here we go again. Analysts predict bullish run for NSE

Today NSE20 closed at 3,785.73. We will review this end of the year.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mlennyma
#1503 Posted : Thursday, February 04, 2016 4:49:47 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
hisah wrote:
Here we go again. Analysts predict bullish run for NSE

Today NSE20 closed at 3,785.73. We will review this end of the year.

some stocks are yet to know the bear pple talk about.Kk do I sayApplause
"Don't let the fear of losing be greater than the excitement of winning."
Spikes
#1504 Posted : Thursday, February 04, 2016 5:11:13 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
mlennyma wrote:
hisah wrote:
Here we go again. Analysts predict bullish run for NSE

Today NSE20 closed at 3,785.73. We will review this end of the year.

some stocks are yet to know the bear pple talk about.Kk do I sayApplause


Manufacturing stocks have defied the bear run expected to register a rise in prices this month .
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
mlennyma
#1505 Posted : Thursday, February 04, 2016 5:19:43 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Spikes wrote:
mlennyma wrote:
hisah wrote:
Here we go again. Analysts predict bullish run for NSE

Today NSE20 closed at 3,785.73. We will review this end of the year.

some stocks are yet to know the bear pple talk about.Kk do I sayApplause


Manufacturing stocks have defied the bear run expected to register a rise in prices this month .

what are u saying?
"Don't let the fear of losing be greater than the excitement of winning."
Spikes
#1506 Posted : Thursday, February 04, 2016 5:31:08 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
mlennyma wrote:
Spikes wrote:
mlennyma wrote:
hisah wrote:
Here we go again. Analysts predict bullish run for NSE

Today NSE20 closed at 3,785.73. We will review this end of the year.

some stocks are yet to know the bear pple talk about.Kk do I sayApplause


Manufacturing stocks have defied the bear run expected to register a rise in prices this month .

what are u saying?


Look at manufacturing stocks! They have shown resilience in a bear market since January 2016.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
mnandii
#1507 Posted : Saturday, February 06, 2016 8:45:09 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Spikes wrote:
mlennyma wrote:
Spikes wrote:
mlennyma wrote:
hisah wrote:
Here we go again. Analysts predict bullish run for NSE

Today NSE20 closed at 3,785.73. We will review this end of the year.

some stocks are yet to know the bear pple talk about.Kk do I sayApplause


Manufacturing stocks have defied the bear run expected to register a rise in prices this month .

what are u saying?


Look at manufacturing stocks! They have shown resilience in a bear market since January 2016.


Don't rely on hope. NSE 20 Share Index is correcting below 4040 (i.e. it is rising for now but will not reach 4040). The next leg down is going to drown most wazuans (even some gurus here Sad ).

The bear that I predicted back one year ago when the NSE Index was still above 5300 is taking its toll. Yet some people see that as an opportunity to buy!!!!
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.
mnandii
#1508 Posted : Saturday, February 06, 2016 8:51:14 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
snipermnoma wrote:
mnandii wrote:
snipermnoma wrote:
mnandii wrote:
NSE 20 SHARE INDEX

SHORT TERM UPDATE



Unless 4040 level is broken upward, my outlook remains bearish.

Am looking for a third wave drop i.e wave iii whose targets are as below:


Wave i = ( 4257.27 - 3829.91 ) = 427.36

Typically third waves are 161.8 or 261.8% of first waves. Thus:

Wave iii end = {4040.75 - 1.618 X 427.36} = 3349.28

OR Wave iii end= {4040.75 - 2.618 X 427.36} = 2921.92


@mnandii I'm still an amateur wave counter so I'm wondering how to count green wave 3. My assumptions are as follows:

I assume green wave 3 comprises of five blue/cyan waves (so far we have [i] and [ii]).

I assume blue/cyan [iii] is composed of five red waves (so far we have i and ii).

Green wave 5 will be the end of black wave (C) from long term chart which you calculated as 2415.48, 1698.19 or 1397.15 in post 1377


YES! Basically in a third wave extension each higher wave degree is composed of five lower degree waves viz:



Similar to above but in our case it is a bear market third wave extension (so mentally flip this upside down).


I see. So we need to complete red to v, blue to [v], green to 5 for black to be at C. Looks like the way down will be a loooong one.

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.
mlennyma
#1509 Posted : Saturday, February 06, 2016 7:43:42 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mnandii wrote:
Spikes wrote:
mlennyma wrote:
Spikes wrote:
mlennyma wrote:
hisah wrote:
Here we go again. Analysts predict bullish run for NSE

Today NSE20 closed at 3,785.73. We will review this end of the year.

some stocks are yet to know the bear pple talk about.Kk do I sayApplause


Manufacturing stocks have defied the bear run expected to register a rise in prices this month .

what are u saying?


Look at manufacturing stocks! They have shown resilience in a bear market since January 2016.


Don't rely on hope. NSE 20 Share Index is correcting below 4040 (i.e. it is rising for now but will not reach 4040). The next leg down is going to drown most wazuans (even some gurus here Sad ).

The bear that I predicted back one year ago when the NSE Index was still above 5300 is taking its toll. Yet some people see that as an opportunity to buy!!!!

a ship can sink but you will hardly miss some floating survivors
"Don't let the fear of losing be greater than the excitement of winning."
Spikes
#1510 Posted : Saturday, February 06, 2016 9:20:53 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
mnandii wrote:
Spikes wrote:
mlennyma wrote:
Spikes wrote:
mlennyma wrote:
hisah wrote:
Here we go again. Analysts predict bullish run for NSE

Today NSE20 closed at 3,785.73. We will review this end of the year.

some stocks are yet to know the bear pple talk about.Kk do I sayApplause


Manufacturing stocks have defied the bear run expected to register a rise in prices this month .

what are u saying?


Look at manufacturing stocks! They have shown resilience in a bear market since January 2016.


Don't rely on hope. NSE 20 Share Index is correcting below 4040 (i.e. it is rising for now but will not reach 4040). The next leg down is going to drown most wazuans (even some gurus here Sad ).

The bear that I predicted back one year ago when the NSE Index was still above 5300 is taking its toll. Yet some people see that as an opportunity to buy!!!!


@Mnandii I agree with you that NSE will not touch 4040. Which means there is room 3700<NSE<4040 . This is a wide range.
Will the next NSE slide be gentle or with swift bang according to charts ?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
372 Pages«<149150151152153>»
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