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How to tell NSE has bottomed out
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Metasploit
#5491 Posted : Monday, August 29, 2016 10:00:59 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
hisah wrote:
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.


when the 9% drop reduces to 5% then 3% !!

As said,its the reverse of a bull parabolic

Look at the banking stocks..some have started showing recovery

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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hisah
#5492 Posted : Monday, August 29, 2016 2:38:11 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, August 29, 2016 2:53 PM | Reason: Not specified
mlennyma
#5493 Posted : Monday, August 29, 2016 3:03:25 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
hisah wrote:
Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard.

and we are now used to walking on blood so we cry for more
"Don't let the fear of losing be greater than the excitement of winning."
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researchfirst
#5494 Posted : Monday, August 29, 2016 4:03:05 PM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
hisah wrote:
Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard.


People are too busy buying the top five gainers: Transcentury, a Ugandan power company, Home Afrika, a REIT, and Olympia! d'oh!
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MadDoc
#5495 Posted : Monday, August 29, 2016 4:20:52 PM
Rank: Member

Joined: 10/26/2015
Posts: 151
researchfirst wrote:
hisah wrote:
Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard.


People are too busy buying the top five gainers: Transcentury, a Ugandan power company, Home Afrika, a REIT, and Olympia! d'oh!

Who'd have thunk it?Laughing out loudly
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obiero
#5496 Posted : Monday, August 29, 2016 4:29:30 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Metasploit wrote:
hisah wrote:
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.


when the 9% drop reduces to 5% then 3% !!

As said,its the reverse of a bull parabolic

Look at the banking stocks..some have started showing recovery

Recovery has started.. Simply madness at the NSE

KQ ABP 4.26
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hisah
#5497 Posted : Monday, August 29, 2016 4:39:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
NSE20 closes @3,123. 123 point away from 3000 handle. This is an index that posted 5499 last year in Feb! The carnage requires no description.

Going forward top 5 global central banks have meetings clustered in September between 8th and 21st; US Fed bank being the last meeting for the month. This is bound to be interesting going into Q4 2016 as the yuan gets included in the SDR basket from Oct 1st.

As always stay focussed to see the market magicians moves.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, August 29, 2016 4:47 PM | Reason: Not specified
murchr
#5498 Posted : Monday, August 29, 2016 4:56:41 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
MadDoc wrote:
researchfirst wrote:
hisah wrote:
Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard.


People are too busy buying the top five gainers: Transcentury, a Ugandan power company, Home Afrika, a REIT, and Olympia! d'oh!

Who'd have thunk it?Laughing out loudly


There's an old adage here that when you see those laggards carrying the day, you know the bear is resting in town.
"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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hisah
#5499 Posted : Monday, August 29, 2016 8:08:27 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
When Economic Doomsayers Stumble: Cautionary Tales From Brexit, Grexit and U.S. Budget Battles

Quote:
It’s early, but data so far suggest the British decision to leave the European Union could be another example of a recurring phenomenon: expert predictions of dire consequences to political decisions that end up proving overheated.


When the sky didn't fall...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#5500 Posted : Monday, August 29, 2016 11:06:42 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
researchfirst wrote:
hisah wrote:
Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard.


People are too busy buying the top five gainers: Transcentury, a Ugandan power company, Home Afrika, a REIT, and Olympia! d'oh!
d'oh! Liar Shame on you Shame on you Liar d'oh! I would avoid all of the above!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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