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Elliott Wave Analysis Of The NSE 20
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mnandii
#3111 Posted : Thursday, May 16, 2019 5:54:29 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
NSE sheds Sh210bn in two weeks of bank stock selloff

Quote:
Stock market investors have lost Sh210 billion paper wealth in the past two weeks as the falling share prices of telecommunications company Safaricom and most bank counters pulled the NSE 20-Share Index to a 10-year low.

The Nairobi Securities Exchange (NSE) 20-Share Index, which captures movement of select blue chip stocks, has fallen to 2,682 points, a level last seen in March 2009.

Investor wealth as measured by market capitalisation has shrunk to Sh2.199 trillion from Sh2.4 trillion at the beginning of this month.

Bank stocks, which account for 28 percent of the NSE’s total market valuation and a fifth of the market’s 96.2 billion total issued shares issued shares, have been on a decline partly attributed to the end of the dividend announcements season.


BD Link
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
#3112 Posted : Thursday, May 16, 2019 6:05:27 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
lochaz-index wrote:
mnandii wrote:
xtina wrote:
lochaz-index wrote:
wukan wrote:
@mnandii, great stuff. I see the target of 2252 holding. Sub 2K will generate too much political heat

Sub 2000 is coming but perhaps next year. This is not a smash and grab type of bear...kills you softly while offering a false sense of hope. It will be an interesting run of things from all spheres here on out.


next year? you mean the time to buy is still not here but next year?


Might be longer. Most guys trying to buy stocks are hopping for a miracle but I don't see one any time soon.

Bingo! That's the problem this time round. Buying is the easy part, waiting is the tough bit. Early readings suggest a U-recovery more than anything else and patience will wear thin before a bull of any sort can be achieved save for the occasional bounces and relief rallies. It is still an uneasy calm at the moment without any form of capitulation.


The unfortunate thing is, when the right time to buy(bear bottom) finally arrives most will be passionately bearish. And even if some were of the sense to buy, the other problem is that they will be devastated financially to make a meaningful attempt.

This bear is serious business folks. I tend to see the country going the Venezuela way. Pray
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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mufasa
#3113 Posted : Friday, May 17, 2019 10:37:17 AM
Rank: Member

Joined: 4/15/2008
Posts: 238
Venezuela might be too much of a stretch. I don't see any serious natural resource that would make the western world hell bent on controlling us or the resource.

Ours is a case (still in its infancy) of deficiency in leadership that is exacerbated with cronyism. We can nip it in the bud with one good election.
Do it today! Tomorrow is promise to no-one.
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mulla
#3114 Posted : Friday, May 17, 2019 11:39:39 AM
Rank: Member

Joined: 6/15/2013
Posts: 301
mnandii wrote:
lochaz-index wrote:
mnandii wrote:
xtina wrote:
lochaz-index wrote:
wukan wrote:
@mnandii, great stuff. I see the target of 2252 holding. Sub 2K will generate too much political heat

Sub 2000 is coming but perhaps next year. This is not a smash and grab type of bear...kills you softly while offering a false sense of hope. It will be an interesting run of things from all spheres here on out.


next year? you mean the time to buy is still not here but next year?


Might be longer. Most guys trying to buy stocks are hopping for a miracle but I don't see one any time soon.

Bingo! That's the problem this time round. Buying is the easy part, waiting is the tough bit. Early readings suggest a U-recovery more than anything else and patience will wear thin before a bull of any sort can be achieved save for the occasional bounces and relief rallies. It is still an uneasy calm at the moment without any form of capitulation.


The unfortunate thing is, when the right time to buy(bear bottom) finally arrives most will be passionately bearish. And even if some were of the sense to buy, the other problem is that they will be devastated financially to make a meaningful attempt.

This bear is serious business folks. I tend to see the country going the Venezuela way. Pray

How true....
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mnandii
#3115 Posted : Saturday, May 18, 2019 2:24:16 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mufasa wrote:
Venezuela might be too much of a stretch. I don't see any serious natural resource that would make the western world hell bent on controlling us or the resource.

Ours is a case (still in its infancy) of deficiency in leadership that is exacerbated with cronyism. We can nip it in the bud with one good election.


Venezuela crisis is not from outside forces.

And leadership is a reflection of society. Mood, as reflected in the stock market, determines the kind of leaders we choose.

Please realize that the crises in Venezuela started after(emphasis) the stock market had tanked. That was a reflection of the direction of mood.

In our case as long as the NSE 20 share index continues to fall then you should expect bank crises(serious ones), epidemics, wars (or revolution), alot of witchcraft, more religiousness, unemployment and layoffs, shortages of goods and services etc.
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
#3116 Posted : Saturday, May 18, 2019 2:28:46 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
mufasa wrote:
Venezuela might be too much of a stretch. I don't see any serious natural resource that would make the western world hell bent on controlling us or the resource.

Ours is a case (still in its infancy) of deficiency in leadership that is exacerbated with cronyism. We can nip it in the bud with one good election.


Venezuela crisis is not from outside forces.

And leadership is a reflection of society. Mood, as reflected in the stock market, determines the kind of leaders we choose.

Please realize that the crises in Venezuela started after(emphasis) the stock market had tanked. That was a reflection of the direction of mood.

In our case as long as the NSE 20 share index continues to fall then you should expect bank crises(serious ones), epidemics, wars (or revolution), alot of witchcraft, more religiousness, unemployment and layoffs, shortages of goods and services etc.


Basically a society makes three steps forward and two steps backward. This is necessary for society's progress and is also likely a reason why people die. The death is necessary so that a new generation emerges that is not stuck by ideas and attitudes of the past and is therefore more capable of giving the society the impetus it needs to adapt and progress
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: Saturday, May 18, 2019 2:31 PM | Reason: Additional ideas
mnandii
#3117 Posted : Saturday, May 18, 2019 2:33:06 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
mnandii wrote:
mnandii wrote:
mufasa wrote:
Venezuela might be too much of a stretch. I don't see any serious natural resource that would make the western world hell bent on controlling us or the resource.

Ours is a case (still in its infancy) of deficiency in leadership that is exacerbated with cronyism. We can nip it in the bud with one good election.


Venezuela crisis is not from outside forces.

And leadership is a reflection of society. Mood, as reflected in the stock market, determines the kind of leaders we choose.

Please realize that the crises in Venezuela started after(emphasis) the stock market had tanked. That was a reflection of the direction of mood.

In our case as long as the NSE 20 share index continues to fall then you should expect bank crises(serious ones), epidemics, wars (or revolution), alot of witchcraft, more religiousness, unemployment and layoffs, shortages of goods and services etc.


Basically a society makes three steps forward and two steps backward. This is necessary for society's progress and is also likely a reason why people die. The death is necessary so that a new generation emerges that is not stuck by ideas and attitudes of the past and is therefore more capable of giving the society the impetus it needs to adapt and progress


And hence the booms and bursts.
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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Monk
#3118 Posted : Sunday, May 19, 2019 7:22:07 AM
Rank: Member

Joined: 7/1/2009
Posts: 273
mufasa wrote:
Venezuela might be too much of a stretch. I don't see any serious natural resource that would make the western world hell bent on controlling us or the resource.

Ours is a case (still in its infancy) of deficiency in leadership that is exacerbated with cronyism. We can nip it in the bud with one good election.


My sentiments exactly.
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Angelica _ann
#3119 Posted : Sunday, May 19, 2019 8:30:49 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Monk wrote:
mufasa wrote:
Venezuela might be too much of a stretch. I don't see any serious natural resource that would make the western world hell bent on controlling us or the resource.

Ours is a case (still in its infancy) of deficiency in leadership that is exacerbated with cronyism. We can nip it in the bud with one good election.


My sentiments exactly.


We can't reach Venezuela coz we are rich in a variety of resources. We are also very tolerant people.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#3120 Posted : Sunday, May 19, 2019 10:01:34 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,233
Location: nairobi
Angelica _ann wrote:
Monk wrote:
mufasa wrote:
Venezuela might be too much of a stretch. I don't see any serious natural resource that would make the western world hell bent on controlling us or the resource.

Ours is a case (still in its infancy) of deficiency in leadership that is exacerbated with cronyism. We can nip it in the bud with one good election.


My sentiments exactly.


We can't reach Venezuela coz we are rich in a variety of resources. We are also very tolerant people.

Maybe Jimmy has some of his great father's genes.. We should make him run

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