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How to tell NSE has bottomed out
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sparkly
#2011 Posted : Friday, January 18, 2013 10:15:52 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Sufficiently Philanga....thropic wrote:
@Sparkly,the effects of the GFC on the stocks in the US was felt more in Mar 2009 than in Oct 2008. The Dow went below 7,000 pts in Mar 2009 for the first time in 12 years!


I stand corrected. The nse mirrors the global mkts, no?
Life is short. Live passionately.
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ChessMaster
#2012 Posted : Friday, January 18, 2013 11:10:38 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Back to topic.How to tell NSE has bottomed out? I'm liking express right now.If Kenyare hits 7.5 I'm getting in but if it reaches 17.5,I missed out.Thinking of an algorithm,hmmm.Kengen has bumped,I'm out. Currency hedging. I'm eyeing BOC,don't know why.I'm wondering why media shares haven't rallied?
Uncertainty is certain.Let go
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guru267
#2013 Posted : Friday, January 18, 2013 11:41:43 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
[quote=ChessMaster]If Kenyare hits 7.5 I'm getting in but if it reaches 17.5,I missed out./quote]

@ChessMaster at today's price level of 12.25 Kenya re has a P/E of 3.7... It is as cheap as it was when it was 7.5bob so why hesitate?

Mark 12:29
Deuteronomy 4:16
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ChessMaster
#2014 Posted : Friday, January 18, 2013 12:12:03 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
For one thing today's supply is higher.
Uncertainty is certain.Let go
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FUNKY
#2015 Posted : Friday, January 18, 2013 4:26:09 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Weekly NSE statistics

http://bit.ly/Sdqb4o
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hisah
#2016 Posted : Friday, January 18, 2013 5:04:48 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NSE20 eased 45.83 points to close at 4500.09 down 1% while NASI eased 1.04 points to close at 104.78 down 0.98% Profit taking still on course after exploding out of the block from Jan 2nd. Technicals across all indices are still overextended and more correction is on the cards to wind down the excess overbought readings. Former solid resistance 4400 is now near term support zone.

As usual it's all quiet as the market corrects. Wazuans smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#2017 Posted : Friday, January 18, 2013 5:54:41 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
NSE20 eased 45.83 points to close at 4500.09 down 1% while NASI eased 1.04 points to close at 104.78 down 0.98% Profit taking still on course after exploding out of the block from Jan 2nd. Technicals across all indices are still overextended and more correction is on the cards to wind down the excess overbought readings. Former solid resistance 4400 is now near term support zone.

As usual it's all quiet as the market corrects. Wazuans smile


Ha ha. These pull backs always leave casualties.
The investor's chief problem - and even his worst enemy - is likely to be himself
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youcan'tstopusnow
#2018 Posted : Friday, January 18, 2013 6:39:41 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Aguytrying wrote:
hisah wrote:
NSE20 eased 45.83 points to close at 4500.09 down 1% while NASI eased 1.04 points to close at 104.78 down 0.98% Profit taking still on course after exploding out of the block from Jan 2nd. Technicals across all indices are still overextended and more correction is on the cards to wind down the excess overbought readings. Former solid resistance 4400 is now near term support zone.

As usual it's all quiet as the market corrects. Wazuans smile


Ha ha. These pull backs always leave casualties.


Hahaa! Today is a Friday. Kuzidisha, everyone is in the Politics sectionsmile

With the elections being in March this year, will companies race to release their financials in Feb well before the polls? Feb could be a bumper month in terms of earnings reports.
GOD BLESS YOUR LIFE
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  | | Edit by user: Friday, January 18, 2013 6:43 PM | Reason: Not specified
hisah
#2019 Posted : Saturday, January 19, 2013 11:27:47 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
MSCI KE index - Yesterday's close (1273) is 10pts away from last Friday's close (1263) as the correction continues with overbought tech readings still unwinding.




Same case with NSE20. Yesterday's close (4500) is 151pts away from last Friday's close (4349) as the correction continues with overbought tech readings still unwinding.



Levels to watch going forward for MSCI KE and NSE20 are 1191 and 4191. Breach of these levels will likely see the entire Jan rally reversed and many stocks reverting to negative gains for 2013.

Next bull target for NSE20 is 4678 if it manages to surpass 4553 (2013 high). As for MSCI KE, 1317 (2013 high) is the target before continuation of all time highs.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Saturday, January 19, 2013 1:30 PM | Reason: Not specified
the deal
#2020 Posted : Sunday, January 20, 2013 10:14:23 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Classic Double Top Break Out
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  | | Edit by user: Sunday, January 20, 2013 10:15 AM | Reason: Not specified
569 Pages«<200201202203204>»
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