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How to tell NSE has bottomed out
incognito
#511 Posted : Monday, August 29, 2011 3:31:16 PM
Rank: Member

Joined: 6/29/2011
Posts: 233
QW25071985 wrote:
incognito wrote:
I have been following this thread with some interest. I have not invested in stocks yet but intend to. Is this the right time to buy stocks while they at their lowest? Which stocks would you recommend?


All i can say is that you are at the right place at the right time . Consider yourself luck you have spotted all the bargain. But Not Yet my friend . keep your money coz this index has allot of falling to do..when the index reaches 3k mark . dive in ...


Thanks QW25071985 smile . When do you expect the index to reach the 3K mark? Which stocks would you recommend?
Excelsior
Cde Monomotapa
#512 Posted : Monday, August 29, 2011 3:40:14 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@incognito..Soon you'l come to find it profitable to do the opposite of what QW says Laughing out loudly Laughing out loudly Laughing out loudly
incognito
#513 Posted : Monday, August 29, 2011 3:46:00 PM
Rank: Member

Joined: 6/29/2011
Posts: 233
Cde Monomotapa wrote:
@incognito..Soon you'l come to find it profitable to do the opposite of what QW says Laughing out loudly Laughing out loudly Laughing out loudly


Which is?
Excelsior
guru267
#514 Posted : Monday, August 29, 2011 3:46:06 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
QW25071985 wrote:
But Not Yet my friend . keep your money coz this index has allot of falling to do..when the index reaches 3k mark . dive in ...


@qw do you really think the market is in free fall to actually get to the level of 3k??
Mark 12:29
Deuteronomy 4:16
QW25071985
#515 Posted : Monday, August 29, 2011 4:10:51 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
guru267 wrote:
QW25071985 wrote:
But Not Yet my friend . keep your money coz this index has allot of falling to do..when the index reaches 3k mark . dive in ...


@qw do you really think the market is in free fall to actually get to the level of 3k??


technically yes . and we can bet on that . i have actually looked at the index and the failed rally we saw sometime last couple of weeks shows that the selling isnt over...
we are definitely headed to the p.e.v lows thats for sure ...
3k is my mark..
guru267
#516 Posted : Monday, August 29, 2011 4:14:26 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
QW25071985 wrote:

technically yes .. i have actually looked at the index and the failed rally we saw sometime last couple of weeks shows that the selling isnt over...
we are definitely headed to the p.e.v lows thats for sure ...
3k is my mark..


So what about external & macro factors?? Will the index hit 3000 if bernanke provides a stimulus, or if europe sorts out their woes or if kenya's politics settles??
Mark 12:29
Deuteronomy 4:16
QW25071985
#517 Posted : Monday, August 29, 2011 4:26:30 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
guru267 wrote:
QW25071985 wrote:

technically yes .. i have actually looked at the index and the failed rally we saw sometime last couple of weeks shows that the selling isnt over...
we are definitely headed to the p.e.v lows thats for sure ...
3k is my mark..


So what about external & macro factors?? Will the index hit 3000 if bernanke provides a stimulus, or if europe sorts out their woes or if kenya's politics settles??


the index will surely reach 3k mark . no doubt..we have been ranging for a while when we were at the 3500 level now that the index has found direction best believe it will follow that direction which is down...
But i stick to my technical rules...when a support breaks (in this case the 3500 mark)get out of the way and let the index move in the direction it wants.
there's an old say in ta that "Never buck a trend" as in never move aganist a trend .
by friday (1st Sept)the index shld be around the 3300 mark ..
the deal
#518 Posted : Monday, August 29, 2011 4:43:41 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Hehehe finally at QW starts delivering...well I agree with you bro...3500 was a strong support...i lost hope when it was broken...i see support at 3200 before we head towards 2500 by January 2012...
Cde Monomotapa
#519 Posted : Monday, August 29, 2011 5:18:26 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
This old farmer thinks @3,000 points then we will surely rapidly descend to 2,500. The sell off will be on wider spreads, thinner volumes. Unless bank Q3 results are good, 2,500 will be here in November.
Cde Monomotapa
#520 Posted : Monday, August 29, 2011 5:20:05 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
incognito wrote:
Cde Monomotapa wrote:
@incognito..Soon you'l come to find it profitable to do the opposite of what QW says Laughing out loudly Laughing out loudly Laughing out loudly


Which is?

What is contained in this thread Laughing out loudly
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