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Elliott Wave Analysis Of The NSE 20
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mnandii
#2941 Posted : Friday, September 14, 2018 9:50:08 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


The NSE 20 Share Index is falling in wave [c] of Y. Targets for the current bear market are between 1700 - 1370. The 1700 target should also coincide with a touch of the parallel trend channel.

I will give a breakdown of wave [c] later.
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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  | | Edit by user: Friday, September 14, 2018 9:52 AM | Reason: Typo
lochaz-index
#2942 Posted : Friday, September 14, 2018 10:26:06 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
mnandii wrote:


The NSE 20 Share Index is falling in wave [c] of Y. Targets for the current bear market are between 1700 - 1370. The 1700 target should also coincide with a touch of the parallel trend channel.

I will give a breakdown of wave [c] later.

Now we are on the same page. Sub 2000 but above the 2002 bottom of 1000 points.
The main purpose of the stock market is to make fools of as many people as possible.
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wukan
#2943 Posted : Friday, September 14, 2018 10:45:47 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
Let's hope things will unravel quite rapidly a slow bear will skin wazuans alive. Below 2K is regime change scenarios
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  | | Edit by user: Friday, September 14, 2018 10:47 AM | Reason: Not specified
lochaz-index
#2944 Posted : Friday, September 14, 2018 3:03:54 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
wukan wrote:
Let's hope things will unravel quite rapidly a slow bear will skin wazuans alive. Below 2K is regime change scenarios

As much as I would fancy a fast and furious kinda of bear run I highly doubt it will be the scenario this time round. Unless at the very least one of US, Europe or China (with Europe and China being more likely) hits an economic iceberg - next year at the very earliest - this will be a slow and steady decline. Perhaps a small bounce/pause around 2500 then its back to death by a thousand cuts.
The main purpose of the stock market is to make fools of as many people as possible.
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mnandii
#2945 Posted : Thursday, September 20, 2018 4:35:59 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:


The NSE 20 Share Index is falling in wave [c] of Y. Targets for the current bear market are between 1700 - 1370. The 1700 target should also coincide with a touch of the parallel trend channel.

I will give a breakdown of wave [c] later.


Today 20th September the NSE 20 Share Index is at 2858.46
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
#2946 Posted : Thursday, September 20, 2018 4:40:50 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
wukan wrote:
lochaz-index wrote:
mnandii wrote:


The 3275 level is holding. Expect upward reversal to above 4110. Once the index exceeds 3400 I'll give targets.

Market broke below the your stated support level. Is this analysis still valid?

Would also like to get your take on KE's social fabric particularly on citizens vs the govt.


I would also want to hear his take. Told him there was no liquidity for 4000 level.

Sorry for late reply. I updated the wave labelling once the 3275s support level didn't hold.
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
#2947 Posted : Thursday, September 20, 2018 4:47:16 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:


I expect Safcom to continue dropping in circle wave ((iv)) and find support at about 25.00. Thereafter it should rise in wave circled wave ((v)) to above 33.00.


25.00 level reached today 20th September. I expect a bounce to above 33.00 level to complete circled wave ((v)). If the drop continues any further down below 25.00 then it should not touch 21.70 (being the circled wave (((i))) high). NB: Elliott's rule states that a fourth wave should not overlap the wave 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.
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mnandii
#2948 Posted : Thursday, September 20, 2018 4:52:40 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304


Updated Safcom chart. I'll give targets for circled wave ((v)) once the market turns bullish and reaches above 30.00.
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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lochaz-index
#2949 Posted : Thursday, September 20, 2018 8:21:06 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
mnandii wrote:
mnandii wrote:


The NSE 20 Share Index is falling in wave [c] of Y. Targets for the current bear market are between 1700 - 1370. The 1700 target should also coincide with a touch of the parallel trend channel.

I will give a breakdown of wave [c] later.


Today 20th September the NSE 20 Share Index is at 2858.46

A mere 69 points difference with the Feb 2017 low. It is worth noting that the EM/FM rout has paused a bit and it was never KE centric to begin with but rather just a contagion of the risk off environment developing. It is scary to think what would become of KE if investors actually turned their lasers to the mess being baked into the fundies and then came to the conclusion that KE assets aren't worth holding.
The main purpose of the stock market is to make fools of as many people as possible.
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  | | Edit by user: Thursday, September 20, 2018 11:10 PM | Reason: Not specified
VituVingiSana
#2950 Posted : Thursday, September 20, 2018 10:37:34 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
mnandii wrote:
mnandii wrote:


I expect Safcom to continue dropping in circle wave ((iv)) and find support at about 25.00. Thereafter it should rise in wave circled wave ((v)) to above 33.00.


25.00 level reached today 20th September. I expect a bounce to above 33.00 level to complete circled wave ((v)). If the drop continues any further down below 25.00 then it should not touch 21.70 (being the circled wave (((i))) high). NB: Elliott's rule states that a fourth wave should not overlap the wave one.
What if it does?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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