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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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jerry wrote:Ericsson wrote:When the KNBS releases the 2013 Q2 economic statistics figures faster and earlier than KENGEN,KPLC and EA Portland releasing their full year results which ended in June 30 Then we simlpy don't expect good numbers from them! @jerry, that theory was nullified by KCB HY13
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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mwekez@ji wrote:Ericsson wrote:When the KNBS releases the 2013 Q2 economic statistics figures faster and earlier than KENGEN,KPLC and EA Portland releasing their full year results which ended in June 30 LOL. Shame on KEGN, KPLC and EAPC Especially Power which is fond of releasing accounts in the last week of the last month  @SufficientlyP
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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WHAT IS GOING ON ??????????
TOO MUCH ACTIVITY ON ALL THE COUNTERS ??
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mwekez@ji wrote:Ericsson wrote:When the KNBS releases the 2013 Q2 economic statistics figures faster and earlier than KENGEN,KPLC and EA Portland releasing their full year results which ended in June 30 LOL. Shame on KEGN, KPLC and EAPC KEGN.....End of oct, nov "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Metasploit wrote:
WHAT IS GOING ON ??????????
TOO MUCH ACTIVITY ON ALL THE COUNTERS ??
FTSE NSE KENYA 25 INDEX; 170.94, +2.17 (1.29%)
FTSE NSE KENYA 15 INDEX; 168.31, +1.86 (1.12%)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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NSE wrote:
Buoyed by robust trading, turnover soared to Kes.1.28bn on a hefty tally of 53M shares, up from Kes.112M on 2.8M shares posted yesterday.
The NSE 20 Share Index was up 0.54% to stand at 4830.38 points.
All Share Index (NASI) notched up 0.90 points to stand at 128.59.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out I've noted this too. Happens during distribution (selling) or accumulation (buying). But above 45 bulls are in control. I expected mr market to take a breather after the westgate event, but gravity is being defied 
I've been keenly watching EABL since results release apart from mpesa bank to confirm if a proper selloff was in the cards. But with EABL bulls defending 270-280 major support level on bad results, the intension was clear. Don't be surprised to see EABL race again back to 400 and higher! 270-280 level was a reload point. A bralirwa like rally is shaping up despite the crazy PER?!
@cnn - cfc is now testing 75. Need that level to breakdown to race towards 100. Still note excited until that stubborn resistance gives way.
One more month to confirm if NSE20 will reclaim the 5000 handle. If the year closes above 5000 esp 5130, then 2014 will see a further push, but crazy PERs will be a headache.
Very interesting all these happening post VAT bill, westgate event, ICC and US govt shutdown with foreigners still pressing on the bull pedal
**Bulls frontrunning the oil play...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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hisah wrote:Ericsson wrote:When KCB trades at a constant price of ksh.46.50 for 7 consecutive days the NSE has bottomed out I've noted this too. Happens during distribution (selling) or accumulation (buying). But above 45 bulls are in control. I expected mr market to take a breather after the westgate event, but gravity is being defied
I've been keenly watching EABL since results release apart from mpesa bank to confirm if a proper selloff was in the cards. But with EABL bulls defending 270-280 major support level on bad results, the intension was clear. Don't be surprised to see EABL race again back to 400 and higher! 270-280 level was a reload point. A bralirwa like rally is shaping up despite the crazy PER?!
@cnn - cfc is now testing 75. Need that level to breakdown to race towards 100. Still note excited until that stubborn resistance gives way.
One more month to confirm if NSE20 will reclaim the 5000 handle. If the year closes above 5000 esp 5130, then 2014 will see a further push, but crazy PERs will be a headache.
Very interesting all these happening post VAT bill, westgate event, ICC and US govt shutdown with foreigners still pressing on the bull pedal
**Bulls frontrunning the oil play... We are right at that level today,though volumes have been thin.The cap on foreign holding i believe has been a big factor in the slow upward movement.Let us see where we are in five months.
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