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How to tell NSE has bottomed out
Cde Monomotapa
#1471 Posted : Sunday, January 15, 2012 8:27:31 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
Cde Monomotapa wrote:
youcan'tstopusnow wrote:
Reprieve for Kenyans as fuel to cost less
http://www.nation.co.ke/...4/-/9kxev2/-/index.html


humpty dumpty.

i felt the reprieve today when i fueled! Also i got 45. Units of power for 450 bob, which before would've only got me 20-25. Me thinks, one of the ingredients of market recovery have been added to the pot, low inflation. I expect a significant reduction in inflation next month.

Good stuff... Let Fuel & Energy inflation relief underpin a recovery in Q1 as the long-rains bolster growth as from Q2 and beyond smile
youcan'tstopusnow
#1472 Posted : Thursday, January 19, 2012 3:33:32 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
You would have thought with the ICC lurking, the market would grind to a halt. Still, strong demand for Equity and Safaricom today...
GOD BLESS YOUR LIFE
hisah
#1473 Posted : Thursday, January 19, 2012 4:27:13 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
EAPORT 56.00 +2.75% - I thought CMA suspended this thing!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1474 Posted : Thursday, January 19, 2012 4:46:14 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Btw, I was very pleased to buy some Mumias sugar from Uchumi today @165/kg down from 200/kg! Eish..the Jan-Feb inflation figures will be very exciting!
holycow
#1475 Posted : Tuesday, January 31, 2012 4:37:58 AM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home

QW25091985
#1476 Posted : Tuesday, January 31, 2012 7:29:21 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
holycow wrote:




eehhehe. if you cld give us some explanation it would be nicer !
hisah
#1477 Posted : Tuesday, January 31, 2012 5:44:31 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
holycow wrote:



We will need huge entry (buy) volume to breakdown 3400 - 3500 resistance (selling zone). As in enough buyers to clean out the sellers around that level. The other critical selling zone is 4000 - 4100. When this is cleared, the bulls will be ready to go forward without fear. Still a long way before the party starts...

Also the number of NSE firms issuing profit warnings (blue chips to boot) is not yet well reflected by the prices. The bad news is not yet baked into the market IMHO esp now that I've come across a number of 'analysts' reports saying so (i.e. the market has baked it in). The optimism is still high. These analysts' reports need to become bearish to signal a major turnaround.

Support for now is still 3000 - 3070. If that breaks, it won't be funny.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1478 Posted : Tuesday, January 31, 2012 6:29:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Btw anyone noticed that NSE20 index closed the month of Jan 2012 less than 1% up... d'oh!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
the deal
#1479 Posted : Tuesday, January 31, 2012 6:57:59 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hisah wrote:
holycow wrote:



We will need huge entry (buy) volume to breakdown 3400 - 3500 resistance (selling zone). As in enough buyers to clean out the sellers around that level. The other critical selling zone is 4000 - 4100. When this is cleared, the bulls will be ready to go forward without fear. Still a long way before the party starts...

Also the number of NSE firms issuing profit warnings (blue chips to boot) is not yet well reflected by the prices. The bad news is not yet baked into the market IMHO esp now that I've come across a number of 'analysts' reports saying so (i.e. the market has baked it in). The optimism is still high. These analysts' reports need to become bearish to signal a major turnaround.

Support for now is still 3000 - 3070. If that breaks, it won't be funny.


I see alot of life in that chat, as long as the NSE20 does not trade below 3078 we have bottomed, a break out above 3500 will confirm the bottom...for now we are still trading in the 1 year bearish channel.
hisah
#1480 Posted : Wednesday, February 01, 2012 4:16:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Eh... Houston we got a problem aboard...

No wonder NSE is seeing anaemic volume since 2010...

That pension scheme behaviour is a socio-economic worrying trend & gubberment needs to look at it carefully. If workers feel their pension funds are losing value with minute job growth or investment opportunities, you end up with a restless middle class. That's a hot political powder keg that can bring down any regime. It is happening in euroland & the labor strikes & riots are increasing...

http://bit.ly/wBYI0m
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
570 Pages«<146147148149150>»
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