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How to tell NSE has bottomed out
Rank: Elder Joined: 12/7/2012 Posts: 11,935
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:mlennyma wrote:hisah wrote:If the bottom sets in at this level with the huge volume that has churned this year, this will be a sure bet that 6161 high will be taken out! The market will have tested the 2011 lows and confirmed it's a support zone, which will set a double bottom with huge vol spike to boot!
Target 2019/2020 new all time highs! with banks injured is 6161 not a pipe dream? Full year results by bank's will shock Kenya. Not much has changed for the larger lenders.. Actually business has grown for some bank's Problem is less on revenues but more cost of funds. some banks were paying 1% per annum on deposits but are now paying 7%. In the last 3 years there has never been a moment when FD earned 1%, not even in foreign currency.. Actually we hit a high of 21% in late 2015 Ordinary savings account. Banks have re-coded many of the previously savings accounts into transaction accounts earning no/zero interest. Check that out, there was even a tweet embedded here in Wazua to that effect  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Angelica _ann wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:mlennyma wrote:hisah wrote:If the bottom sets in at this level with the huge volume that has churned this year, this will be a sure bet that 6161 high will be taken out! The market will have tested the 2011 lows and confirmed it's a support zone, which will set a double bottom with huge vol spike to boot!
Target 2019/2020 new all time highs! with banks injured is 6161 not a pipe dream? Full year results by bank's will shock Kenya. Not much has changed for the larger lenders.. Actually business has grown for some bank's Problem is less on revenues but more cost of funds. some banks were paying 1% per annum on deposits but are now paying 7%. In the last 3 years there has never been a moment when FD earned 1%, not even in foreign currency.. Actually we hit a high of 21% in late 2015 Ordinary savings account. Banks have re-coded many of the previously savings accounts into transaction accounts earning no/zero interest. Check that out, there was even a tweet embedded here in Wazua to that effect For banks that have re-coded, it's illegal. Class action coming very soon. Life is short. Live passionately.
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Rank: New-farer Joined: 5/22/2016 Posts: 69 Location: Nairobi
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sparkly wrote:Angelica _ann wrote:sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:mlennyma wrote:hisah wrote:If the bottom sets in at this level with the huge volume that has churned this year, this will be a sure bet that 6161 high will be taken out! The market will have tested the 2011 lows and confirmed it's a support zone, which will set a double bottom with huge vol spike to boot!
Target 2019/2020 new all time highs! with banks injured is 6161 not a pipe dream? Full year results by bank's will shock Kenya. Not much has changed for the larger lenders.. Actually business has grown for some bank's Problem is less on revenues but more cost of funds. some banks were paying 1% per annum on deposits but are now paying 7%. In the last 3 years there has never been a moment when FD earned 1%, not even in foreign currency.. Actually we hit a high of 21% in late 2015 Ordinary savings account. Banks have re-coded many of the previously savings accounts into transaction accounts earning no/zero interest. Check that out, there was even a tweet embedded here in Wazua to that effect For banks that have re-coded, it's illegal. Class action coming very soon. Indeed, however I sent an email to a particular bank ( CBA ) pointing this out and to date ..no response.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:If the bottom sets in at this level with the huge volume that has churned this year, this will be a sure bet that 6161 high will be taken out! The market will have tested the 2011 lows and confirmed it's a support zone, which will set a double bottom with huge vol spike to boot!
Target 2019/2020 new all time highs! That scenario has failed to play out which means the bear is not yet done. Targets 2750 then 2500. Below 2500 the GFC low at 2360 comes into focus.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/13/2015 Posts: 1,653
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hisah wrote:hisah wrote:If the bottom sets in at this level with the huge volume that has churned this year, this will be a sure bet that 6161 high will be taken out! The market will have tested the 2011 lows and confirmed it's a support zone, which will set a double bottom with huge vol spike to boot!
Target 2019/2020 new all time highs! That scenario has failed to play out which means the bear is not yet done. Targets 2750 then 2500. Below 2500 the GFC low at 2360 comes into focus. 2676 remains my bottom call. Wave 3 was extensive and so wave 5 has to be extensive. The 6161 level will not be taken out any time soon expect the next bull run to terminate around the 4500 level. Anything below 2500 will be forecasting a deep political crisis.
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Today we are deep into the 2800s.. Everybody is feeling the heat
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Metasploit wrote:Today we are deep into the 2800s..
Everybody is feeling the heat The pain is even more palpable if you truly have to sell now. So pathetic. Look at bbl. Aiming sub-sevens. Kengen, obeying the law of gravity perfectly. Pesa ya rights inatolewa sackers like never before. @aresteddeveloper, what was your call on kengen post rights? 2.5/=? How did you arrive at this figure coz it seams very realistic now than then? ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Metasploit wrote:Today we are deep into the 2800s..
Everybody is feeling the heat 2900 level caves in. NSE20 closes at 2,873.02. Nasty January this one as the bear mauling continues. 9.82% in the red YTD  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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