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holycow		#21 Posted : Saturday, December 03, 2011 10:17:44 AM
Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home		At last, been wondering what "money goggles" is all about. Still on TA. What is a "dead cat " bounce.
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Eric_Nyamu		#22 Posted : Saturday, December 03, 2011 10:33:38 AM
Rank: New-farer Joined: 10/6/2011 Posts: 84		holycow wrote: At last, been wondering what "money goggles" is all about. Still on TA. What is a "dead cat " bounce. when you throw a dead cat aganist the ground and it bounces ...
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Impunity		#23 Posted : Saturday, December 03, 2011 11:24:27 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada		Eric_Nyamu wrote: holycow wrote: At last, been wondering what "money goggles" is all about. Still on TA. What is a "dead cat " bounce. when you throw a dead cat aganist the ground and it bounces ... Not possible to bounce. Can u explain this in relation to Pakapower shares please. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
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Eric_Nyamu		#24 Posted : Saturday, December 03, 2011 11:33:29 AM
Rank: New-farer Joined: 10/6/2011 Posts: 84		Impunity wrote: Eric_Nyamu wrote: holycow wrote: At last, been wondering what "money goggles" is all about. Still on TA. What is a "dead cat " bounce. when you throw a dead cat aganist the ground and it bounces ... Not possible to bounce. Can u explain this in relation to Pakapower shares please. i was just joking ... here's the defination : A temporary recovery from a prolonged decline or bear market, after which the market continues to fall.you could call it a correction . we have heard so many dead cat bounces its amazing , lol .
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Eric_Nyamu		#25 Posted : Saturday, December 03, 2011 11:36:26 AM
Rank: New-farer Joined: 10/6/2011 Posts: 84		lovely2010 wrote: hisah wrote: NSE's bounce reversal in November was very bearish. Opened @3536 on Nov 1st and closed @3155 on Nov 30th - 408pts down or 11.5% down in a month. The Nov reversal has formed a thick inverted hammer, which if it had been followed by a large monthly volume would have presented a case of trend reversal in favour of bulls going forward. But lack of volume means the ensuing bounce in Dec will be weak and potential to breakdown below 3000 is highly likely. SCB - below rights issue price @166 as per expectations. 140 - 150 levels are strong supports. Coop - The large volume in early November forced the breakdown of 14/- handle. In Aug there 2 consecutive weeks of huge exit volume. 10/- is a possible target. ARM - November bounce fully retraced and forming a nasty H&S pattern. Objective of H&S targets 124 - 125. Kengen - Wow! Pilot bailed out @10.60. Target 7 - 7.50. MSC - Likely to test 2009 lows at 3.60. Some exit volume in November. KK - No volume support still, 9/- handle will give in. AK - very interesting volume - this thing is being accumulated for the next rally as long as 4.75 is not broken down. Britank - Will need a lot of floaters to stem the selling pressure. Very bearish. I'm liking this extreme bear sentiments, the rebound will be fast and furious. Below 4/- it gets interesting for a contra play. Centum - large exit volume in Nov @15s has taken out a lot of support and sub 13 is likely. Hard to tell where it will land. DTK - accumulation volume below 90/- is already happening... Equity - likely to test 16/- If this support breaks the acceleration down will be swift all the way to 12/- just like when KQ lost 25/- handle. KCB - very ugly chart. More downside coming aiming 11 - 12/- KPLC - finally 3rd attempt of supply test @17/- breaks the dam open for targets @14 - 15/- Mpesa - this one has me puzzled. Lost the 2.90 guard-rail on numerous supply test attempts, but still hanging around instead of slipping towards 2.50. Is it a silent accumulation? Have all wanjikus been cleaned out or they gave up - no more panic...? Kuna wanjiku wakiniona, they keep on reminding me 'its all your fault why I lost my money on safcon.' @lovely2010 i know you like short term plays how do you see the market as we approach 3k mark ?
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the deal		#26 Posted : Saturday, December 03, 2011 12:26:41 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		Let those who are selling...SELL...at a Loss...
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lovely2010		#27 Posted : Saturday, December 03, 2011 1:16:31 PM
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi		Eric_Nyamu wrote: lovely2010 wrote: hisah wrote: NSE's bounce reversal in November was very bearish. Opened @3536 on Nov 1st and closed @3155 on Nov 30th - 408pts down or 11.5% down in a month. The Nov reversal has formed a thick inverted hammer, which if it had been followed by a large monthly volume would have presented a case of trend reversal in favour of bulls going forward. But lack of volume means the ensuing bounce in Dec will be weak and potential to breakdown below 3000 is highly likely. SCB - below rights issue price @166 as per expectations. 140 - 150 levels are strong supports. Coop - The large volume in early November forced the breakdown of 14/- handle. In Aug there 2 consecutive weeks of huge exit volume. 10/- is a possible target. ARM - November bounce fully retraced and forming a nasty H&S pattern. Objective of H&S targets 124 - 125. Kengen - Wow! Pilot bailed out @10.60. Target 7 - 7.50. MSC - Likely to test 2009 lows at 3.60. Some exit volume in November. KK - No volume support still, 9/- handle will give in. AK - very interesting volume - this thing is being accumulated for the next rally as long as 4.75 is not broken down. Britank - Will need a lot of floaters to stem the selling pressure. Very bearish. I'm liking this extreme bear sentiments, the rebound will be fast and furious. Below 4/- it gets interesting for a contra play. Centum - large exit volume in Nov @15s has taken out a lot of support and sub 13 is likely. Hard to tell where it will land. DTK - accumulation volume below 90/- is already happening... Equity - likely to test 16/- If this support breaks the acceleration down will be swift all the way to 12/- just like when KQ lost 25/- handle. KCB - very ugly chart. More downside coming aiming 11 - 12/- KPLC - finally 3rd attempt of supply test @17/- breaks the dam open for targets @14 - 15/- Mpesa - this one has me puzzled. Lost the 2.90 guard-rail on numerous supply test attempts, but still hanging around instead of slipping towards 2.50. Is it a silent accumulation? Have all wanjikus been cleaned out or they gave up - no more panic...? Kuna wanjiku wakiniona, they keep on reminding me 'its all your fault why I lost my money on safcon.' @lovely2010 i know you like short term plays how do you see the market as we approach 3k mark ? @ the moment am totally out...I have no plans taking any chances...let me rip from treasury then by end of 2012 I can have enough to play with...
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lovely2010		#28 Posted : Saturday, December 03, 2011 1:18:34 PM
Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi		Eric_Nyamu wrote: lovely2010 wrote: hisah wrote: NSE's bounce reversal in November was very bearish. Opened @3536 on Nov 1st and closed @3155 on Nov 30th - 408pts down or 11.5% down in a month. The Nov reversal has formed a thick inverted hammer, which if it had been followed by a large monthly volume would have presented a case of trend reversal in favour of bulls going forward. But lack of volume means the ensuing bounce in Dec will be weak and potential to breakdown below 3000 is highly likely. SCB - below rights issue price @166 as per expectations. 140 - 150 levels are strong supports. Coop - The large volume in early November forced the breakdown of 14/- handle. In Aug there 2 consecutive weeks of huge exit volume. 10/- is a possible target. ARM - November bounce fully retraced and forming a nasty H&S pattern. Objective of H&S targets 124 - 125. Kengen - Wow! Pilot bailed out @10.60. Target 7 - 7.50. MSC - Likely to test 2009 lows at 3.60. Some exit volume in November. KK - No volume support still, 9/- handle will give in. AK - very interesting volume - this thing is being accumulated for the next rally as long as 4.75 is not broken down. Britank - Will need a lot of floaters to stem the selling pressure. Very bearish. I'm liking this extreme bear sentiments, the rebound will be fast and furious. Below 4/- it gets interesting for a contra play. Centum - large exit volume in Nov @15s has taken out a lot of support and sub 13 is likely. Hard to tell where it will land. DTK - accumulation volume below 90/- is already happening... Equity - likely to test 16/- If this support breaks the acceleration down will be swift all the way to 12/- just like when KQ lost 25/- handle. KCB - very ugly chart. More downside coming aiming 11 - 12/- KPLC - finally 3rd attempt of supply test @17/- breaks the dam open for targets @14 - 15/- Mpesa - this one has me puzzled. Lost the 2.90 guard-rail on numerous supply test attempts, but still hanging around instead of slipping towards 2.50. Is it a silent accumulation? Have all wanjikus been cleaned out or they gave up - no more panic...? Kuna wanjiku wakiniona, they keep on reminding me 'its all your fault why I lost my money on safcon.' @lovely2010 i know you like short term plays how do you see the market as we approach 3k mark ? @ the moment am totally out...I have no plans taking any chances...let me rip from treasury then by end of 2012 I can have enough to play with...
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hisah		#29 Posted : Saturday, December 03, 2011 2:37:19 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		I had stated a while back that the 10yr NSE chart was still bullish as long as the trendline is not broken down, now @3010-3030 level. @qw you had posted that chart. Post it again as a reminder. And yes, the 3yr downtrend channel is also confirming why NSE will keep sagging... Fundamentals & techies are now aligned and project further market value for the coming months. My biggest worry is when euroland goes kaboom. NSE stocks are now at 2009 levels while global markets are still way above. What happens to NSE when the DJIA crashes to say 8000pts during that panic episode? With such a small foreigners presence at the moment & fund managers staying out, NSE could experience a Britak episode...! Anyone else seeing this disconnect? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal		#30 Posted : Saturday, December 03, 2011 4:15:40 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		hisah wrote: I had stated a while back that the 10yr NSE chart was still bullish as long as the trendline is not broken down, now @3010-3030 level. @qw you had posted that chart. Post it again as a reminder. And yes, the 3yr downtrend channel is also confirming why NSE will keep sagging... Fundamentals & techies are now aligned and project further market value for the coming months. My biggest worry is when euroland goes kaboom. NSE stocks are now at 2009 levels while global markets are still way above. What happens to NSE when the DJIA crashes to say 8000pts during that panic episode? With such a small foreigners presence at the moment & fund managers staying out, NSE could experience a Britak episode...! Anyone else seeing this disconnect? You see how oversold are we on this frontier?
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