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How to tell NSE has bottomed out
Aguytrying
#5481 Posted : Thursday, August 25, 2016 8:25:52 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever!

Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight smile


Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here.
The investor's chief problem - and even his worst enemy - is likely to be himself
hisah
#5482 Posted : Friday, August 26, 2016 4:36:56 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
hisah wrote:
And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever!

Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight smile


Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here.

The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Aguytrying
#5483 Posted : Friday, August 26, 2016 8:13:10 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Aguytrying wrote:
hisah wrote:
And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever!

Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight smile


Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here.

The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes...


Without chartists this place would be pandemonium. I appreciate the input. I Wasn't following during GFC. Grabbing my popcorn now
The investor's chief problem - and even his worst enemy - is likely to be himself
hisah
#5484 Posted : Friday, August 26, 2016 8:54:57 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Let's see how soon the market fails to open as ATS starts having problems coz it fears berserk selling then we start reading pg 1 in this thread smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mlennyma
#5485 Posted : Friday, August 26, 2016 9:10:09 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
hisah wrote:
Let's see how soon the market fails to open as ATS starts having problems coz it fears berserk selling then we start reading pg 1 in this thread smile

this is when a weekend is highly welcome
"Don't let the fear of losing be greater than the excitement of winning."
murchr
#5486 Posted : Friday, August 26, 2016 9:26:28 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mlennyma wrote:
hisah wrote:
Let's see how soon the market fails to open as ATS starts having problems coz it fears berserk selling then we start reading pg 1 in this thread smile

this is when a weekend is highly welcome


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
"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
.
lochaz-index
#5487 Posted : Friday, August 26, 2016 12:51:38 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Aguytrying wrote:
hisah wrote:
Aguytrying wrote:
hisah wrote:
And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever!

Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight smile


Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here.

The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes...


Without chartists this place would be pandemonium. I appreciate the input. I Wasn't following during GFC. Grabbing my popcorn now

In my time in this forum I have never seen you this scared @aguy. Yesterday's losses must have struck a nerve. But I don't think the rate of the current slide is sustainable.

Some pullback will be in the offing before long, then we resume the daily losses of 10-30 points till the next shakeout event.

Commodities to this day have been in an ever tanking bus since their peak in 2011. Oil didn't join the bandwagon till mid 2014. So for safcom, its time in the cleaners will come. Linear progression is not Mr market's default setting.
The main purpose of the stock market is to make fools of as many people as possible.
wukan
#5488 Posted : Friday, August 26, 2016 1:06:13 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
hisah wrote:
Aguytrying wrote:
hisah wrote:
And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever!

Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight smile


Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here.

The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes...


@hisah, the ten year chart shows a smooth fall from 4000 to 3309 with no break Sad . If its the corrective 5 waves down then we are yet at the extremesPray Pray .I could be wrong though
Aguytrying
#5489 Posted : Friday, August 26, 2016 7:39:10 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
lochaz-index wrote:
Aguytrying wrote:
hisah wrote:
Aguytrying wrote:
hisah wrote:
And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever!

Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight smile


Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here.

The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes...


Without chartists this place would be pandemonium. I appreciate the input. I Wasn't following during GFC. Grabbing my popcorn now

In my time in this forum I have never seen you this scared @aguy. Yesterday's losses must have struck a nerve. But I don't think the rate of the current slide is sustainable.

Some pullback will be in the offing before long, then we resume the daily losses of 10-30 points till the next shakeout event.

Commodities to this day have been in an ever tanking bus since their peak in 2011. Oil didn't join the bandwagon till mid 2014. So for safcom, its time in the cleaners will come. Linear progression is not Mr market's default setting.


I welcome lower prices In banks. The bidless vacuum is what shocked me, never seen it in NSE. Finger on the trigger ready to pounce at opportune time
The investor's chief problem - and even his worst enemy - is likely to be himself
hisah
#5490 Posted : Saturday, August 27, 2016 8:27:51 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
wukan wrote:
hisah wrote:
Aguytrying wrote:
hisah wrote:
And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever!

Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight smile


Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here.

The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes...


@hisah, the ten year chart shows a smooth fall from 4000 to 3309 with no break Sad . If its the corrective 5 waves down then we are yet at the extremesPray Pray .I could be wrong though

Of course the market can stay irrational longer than expected. But trend shift warnings usually begin when bidless extensions become the order of the day. The longer it takes the sharper the bounce as the gap downs get filled. The whiplash (sharp up & down motions) before the bottom forms is what will flash out the last weak hands.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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