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How to tell NSE has bottomed out
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mwekez@ji
#4821 Posted : Tuesday, February 25, 2014 9:58:35 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Metasploit wrote:
murchr wrote:
Aguytrying wrote:
hisah wrote:
MSC is piling up volumes after 3/- handle broke down. Liking this action.

@aguy - in future we will discuss this vol behaviour.


we will. and then, we'll be getting those questions of whether to buy mumias at 10.00. I hope not 1.00 bob( assuming headed up).


what was the closing price?


@Murchr the closing price was 3.00

Accelerate the price to a high of 3.20 to build sufficient demand at 3.00 for dump.(For the third day,the price closes at a low and on a volume spike)

Aguy,its a support break down.



@hisah @Aguy, i choose to be enjoined in that future discussion. Trust we will be in the money. @Metasploit, your contrarian view is still welcomed
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Metasploit
#4822 Posted : Tuesday, February 25, 2014 2:11:07 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
mwekez@ji wrote:
Metasploit wrote:
murchr wrote:
Aguytrying wrote:
hisah wrote:
MSC is piling up volumes after 3/- handle broke down. Liking this action.

@aguy - in future we will discuss this vol behaviour.


we will. and then, we'll be getting those questions of whether to buy mumias at 10.00. I hope not 1.00 bob( assuming headed up).


what was the closing price?


@Murchr the closing price was 3.00

Accelerate the price to a high of 3.20 to build sufficient demand at 3.00 for dump.(For the third day,the price closes at a low and on a volume spike)

Aguy,its a support break down.



@hisah @Aguy, i choose to be enjoined in that future discussion. Trust we will be in the money. @Metasploit, your contrarian view is still welcomed


Agreed and retracting my earlier statement.

Solid demand at 3.10 and no supply past 3.20

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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murchr
#4823 Posted : Tuesday, February 25, 2014 4:11:30 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Turnover rose to Kes.805M from previous session’s Kes.349M, the number of shares traded stood at 28M against 22M posted yesterday.

The NSE 20 Share Index closed 27.11 points higher to stand at 4875.82.

All share Index (NASI) was up 1.08 points to stand at 140.65.
"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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SittingPretty
#4824 Posted : Wednesday, February 26, 2014 2:52:27 PM
Rank: Member

Joined: 2/16/2013
Posts: 123
Location: MSA
Metasploit wrote:
mwekez@ji wrote:
Metasploit wrote:
murchr wrote:
Aguytrying wrote:
hisah wrote:
MSC is piling up volumes after 3/- handle broke down. Liking this action.

@aguy - in future we will discuss this vol behaviour.


we will. and then, we'll be getting those questions of whether to buy mumias at 10.00. I hope not 1.00 bob( assuming headed up).


what was the closing price?


@Murchr the closing price was 3.00

Accelerate the price to a high of 3.20 to build sufficient demand at 3.00 for dump.(For the third day,the price closes at a low and on a volume spike)

Aguy,its a support break down.



@hisah @Aguy, i choose to be enjoined in that future discussion. Trust we will be in the money. @Metasploit, your contrarian view is still welcomed


Agreed and retracting my earlier statement.

Solid demand at 3.10 and no supply past 3.20

Now I am wishing I bought a bigger stake, chase after the price????.
But no supply bad news, this from my observation stops the upthrust.
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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dunkang
#4825 Posted : Wednesday, February 26, 2014 4:09:27 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Receive with simplicity everything that happens to you.” ― Rashi

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mkeiy
#4826 Posted : Wednesday, February 26, 2014 4:29:50 PM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
dunkang wrote:



So they are back? Are we about to experience some bull-fattening or will it be castration turning it to a steer?
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vastcapital
#4827 Posted : Thursday, February 27, 2014 9:45:09 AM
Rank: New-farer

Joined: 10/10/2010
Posts: 51
Location: Nairobi
its time to take profits and exit am waiting for the new cycle the mkt is hugely overbought!
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poundfoolish
#4828 Posted : Thursday, February 27, 2014 10:34:37 AM
Rank: Elder

Joined: 12/2/2009
Posts: 2,458
Location: Nairobi
vastcapital wrote:
its time to take profits and exit am waiting for the new cycle the mkt is hugely overbought!


When is the Fed going to make more tapering announcements so that we can plan our exits from a point of knowledge?
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hisah
#4829 Posted : Thursday, February 27, 2014 12:11:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
hisah wrote:
murchr wrote:
Turnover rose to Kes.902M from the previous session’s Kes.450M, the number of shares traded stood at 31M against 24M posted yesterday.
The NSE 20 Share Index closed 15.08 points higher to stand at 4833.36.
All Share Index (NASI) was up 0.82 points to stand at 138.08.

Bounces since last Tues. Let's see how long the bounce lasts with results coming in going forward. The first bounce was quite weak...

The bounces are nothing to talk about.

Definitely NSE20 will close below 4700 level this month making it the 2nd down month as 2014 starts on the back foot.

Levels to watch as th slide continues are 4740 as per lower BB (bol bands) then 4500 - 4600 horizontal support and 2010 highs then SMA100 @4380 and SMA200 @4170. By the time SMA200 is tested the investor section will be full of property threads smile

Quite interesting the market has turned while I was expecting it to close below 4700 this month. Still resilient bulls...

But the bounce is still weak considering as per yesterday's NSE20 close, the Feb gain is 0.96%.

Also 2014 for NSE20 is still flat since the reference point is 4926.

A few weeks ago in the wazua group I had mentioned my bearish sentiments about PAFR. I'm now adding BRIT to that list. Proper blow off in those 2 counters and the ensuing correction will be interesting to watch.

I still remain bearish banks though I can see vol spikes are back at the simba and member counters.

EABL - I don't think the selling is done. Scope for a retest of 220s won't be surprising.

Will Mr Market push KEGN back to 8/- levels and as well stall KPLC Drool
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, February 27, 2014 12:13 PM | Reason: Not specified
Aguytrying
#4830 Posted : Thursday, February 27, 2014 2:18:54 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
.
The investor's chief problem - and even his worst enemy - is likely to be himself
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  | | Edit by user: Thursday, February 27, 2014 6:10 PM | Reason: Not specified
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