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Elliott Wave Analysis Of The NSE 20
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mnandii
#3321 Posted : Wednesday, March 11, 2020 11:43:37 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
ELLIOTT WAVE INTERNATIONAL'S MARCH FINANCIAL FORECAST SERVICE
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
#3322 Posted : Wednesday, March 11, 2020 11:47:57 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
VituVingiSana wrote:
mnandii wrote:
Fundamental analysts and especially macro-economists have been proven over and over never to have the ability to tell when a trend is likely to change. Eg Elliott Wave International (EWI) has been predicting the end of the bull run in the DOW for ages. Now the DOW has started it's long drop down and there's still more downside to come. But you know what fundamentalists are saying right now? They are advising people to buy, that the current drop is simply a correction. Well, many people will make that damn mistake and buy. And they'll lose.

In 2015 I predicted the end of the bull run in NSE 20 Share Index. The very first post in this thread is testament to that. But as always no one listened. The bulls were busy cheering on with the funadmentalists on the leading edge. Well, the index has fallen all the way from over 5000 to now 2300. I don't remember any fundamentalist having the audacity to call all that drop!

Fundamental investors look at fundamentals so when prices go out of whack, they stop/reduce buying or start selling.
I have sold shares/positions in the past when they seemed untenable in light of the prices vs the underlying performance.

BTW, I do not invest in an index but in specific shares/stocks with the top 5 constituting 80%+ and the top 10 would be 95%+.


Please please give Elliott Waves the benefit of doubt? I pray you spare some time and do some reading on it? Maybe even jus subscribe for the Financial Forecast service at EWI for a month? I promise you it will be worth your while.
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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Angelica _ann
#3323 Posted : Wednesday, March 11, 2020 11:50:36 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
mnandii wrote:
VituVingiSana wrote:
mnandii wrote:
Fundamental analysts and especially macro-economists have been proven over and over never to have the ability to tell when a trend is likely to change. Eg Elliott Wave International (EWI) has been predicting the end of the bull run in the DOW for ages. Now the DOW has started it's long drop down and there's still more downside to come. But you know what fundamentalists are saying right now? They are advising people to buy, that the current drop is simply a correction. Well, many people will make that damn mistake and buy. And they'll lose.

In 2015 I predicted the end of the bull run in NSE 20 Share Index. The very first post in this thread is testament to that. But as always no one listened. The bulls were busy cheering on with the funadmentalists on the leading edge. Well, the index has fallen all the way from over 5000 to now 2300. I don't remember any fundamentalist having the audacity to call all that drop!

Fundamental investors look at fundamentals so when prices go out of whack, they stop/reduce buying or start selling.
I have sold shares/positions in the past when they seemed untenable in light of the prices vs the underlying performance.

BTW, I do not invest in an index but in specific shares/stocks with the top 5 constituting 80%+ and the top 10 would be 95%+.


Please please give Elliott Waves the benefit of doubt? I pray you spare some time and do some reading on it? Maybe even jus subscribe for the Financial Forecast service at EWI for a month? I promise you it will be worth your while.


My 5 shares have barely flinched compared to the index, and even if they did i wouldn't be worried because they are fundamentally strong. I would actually add more - cash allowing. The days of buying shares because of crown or broker are way past smile smile smile

Disclaimer: I am not doubting Elliott's Wave, i have used it here once in a while courtesy of you and made money, but different people invest for different reasons.
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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  | | Edit by user: Wednesday, March 11, 2020 11:57 AM | Reason: Not specified
Receptor
#3324 Posted : Wednesday, March 11, 2020 1:20:30 PM
Rank: Member

Joined: 7/1/2019
Posts: 119
mnandii wrote:


...........In 2015 I predicted the end of the bull run in NSE 20 Share Index. The very first post in this thread is testament to that. But as always no one listened. The bulls were busy cheering on with the funadmentalists on the leading edge. Well, the index has fallen all the way from over 5000 to now 2300. I don't remember any fundamentalist having the audacity to call all that drop!


Now since you predicted the end of the bull in 2015, I await for you to predict the beginning of the next bull run in NSE not unless you are telling us that the bull is gone forever never to return.
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  | | Edit by user: Wednesday, March 11, 2020 1:22 PM | Reason: Not specified
lochaz-index
#3325 Posted : Wednesday, March 11, 2020 3:37:19 PM
Rank: Veteran

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



Bamburi Cement should fall a little further and find a bottom at 55.81, having fallen from a high of 250.00 in three waves.

Once the bottom is established expect a bull run to test the all-time high

Unrelenting sell pressure on this counter. Quite staggering. 50 printed and still heading lower. Looking at the board it appears that it is the turn of small and mid caps in the washer.
The main purpose of the stock market is to make fools of as many people as possible.
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  | | Edit by user: Wednesday, March 11, 2020 3:39 PM | Reason: Not specified
sparkly
#3326 Posted : Wednesday, March 11, 2020 4:20:09 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mnandii wrote:
Fundamental analysts and especially macro-economists have been proven over and over never to have the ability to tell when a trend is likely to change. Eg Elliott Wave International (EWI) has been predicting the end of the bull run in the DOW for ages. Now the DOW has started it's long drop down and there's still more downside to come. But you know what fundamentalists are saying right now? They are advising people to buy, that the current drop is simply a correction. Well, many people will make that damn mistake and buy. And they'll lose.

In 2015 I predicted the end of the bull run in NSE 20 Share Index. The very first post in this thread is testament to that. But as always no one listened. The bulls were busy cheering on with the funadmentalists on the leading edge. Well, the index has fallen all the way from over 5000 to now 2300. I don't remember any fundamentalist having the audacity to call all that drop!


Fundamentalists are happy with the current prices.

Infact the fundamentalists are waiting for the bottom so as to stock up by the truckloads.
Life is short. Live passionately.
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Ericsson
#3327 Posted : Wednesday, March 11, 2020 5:24:54 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Dow plunges 950 points as Wall Street’s wild trading streak continues.

10-year Treasury yield falls below 0.7% as flight to safety continues
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mufasa
#3328 Posted : Thursday, March 12, 2020 10:45:30 AM
Rank: Member

Joined: 4/15/2008
Posts: 238
@mnandii is this current market a LIFETIME opportunity?

Do it today! Tomorrow is promise to no-one.
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mlennyma
#3329 Posted : Thursday, March 12, 2020 10:54:42 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mufasa wrote:
@mnandii is this current market a LIFETIME opportunity?


to buy safcom sub 10
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#3330 Posted : Thursday, March 12, 2020 11:27:34 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mnandii wrote:
VituVingiSana wrote:
mnandii wrote:
Fundamental analysts and especially macro-economists have been proven over and over never to have the ability to tell when a trend is likely to change. Eg Elliott Wave International (EWI) has been predicting the end of the bull run in the DOW for ages. Now the DOW has started it's long drop down and there's still more downside to come. But you know what fundamentalists are saying right now? They are advising people to buy, that the current drop is simply a correction. Well, many people will make that damn mistake and buy. And they'll lose.

In 2015 I predicted the end of the bull run in NSE 20 Share Index. The very first post in this thread is testament to that. But as always no one listened. The bulls were busy cheering on with the funadmentalists on the leading edge. Well, the index has fallen all the way from over 5000 to now 2300. I don't remember any fundamentalist having the audacity to call all that drop!

Fundamental investors look at fundamentals so when prices go out of whack, they stop/reduce buying or start selling.
I have sold shares/positions in the past when they seemed untenable in light of the prices vs the underlying performance.

BTW, I do not invest in an index but in specific shares/stocks with the top 5 constituting 80%+ and the top 10 would be 95%+.


Please please give Elliott Waves the benefit of doubt? I pray you spare some time and do some reading on it? Maybe even jus subscribe for the Financial Forecast service at EWI for a month? I promise you it will be worth your while.
I read your stuff. I will look at it in more detail at some point. Of course, as much as I have bought what I could, I would like to see an upside in the future! Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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