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Elliott Wave Analysis Of The NSE 20
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hisah
#571 Posted : Monday, July 27, 2015 10:23:34 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
4467 is where the NSE20 closed today.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Angelica _ann
#572 Posted : Monday, July 27, 2015 10:40:25 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
hisah wrote:
4467 is where the NSE20 closed today.

We need a rebound to bring back confidence. Any hope wanacharts?
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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Sufficiently Philanga....thropic
#573 Posted : Monday, July 27, 2015 10:57:32 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
4467 is where the NSE20 closed today.


Add to the cocktail a falling US and China market and NSE would need prayers to stay above 4,500.
By the way, should FED hike the rate in Sept, the Dow will get a proper shavesmile
@SufficientlyP
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Muthawamunene
#574 Posted : Tuesday, July 28, 2015 9:47:44 AM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
Angelica _ann wrote:
hisah wrote:
4467 is where the NSE20 closed today.

We need a rebound to bring back confidence. Any hope wanacharts?


Nope. None at all. Which means you should be holding cash (or any non equity related security) on the ready.
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Othelo
#575 Posted : Tuesday, July 28, 2015 8:00:17 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Muthawamunene wrote:
Angelica _ann wrote:
hisah wrote:
4467 is where the NSE20 closed today.

We need a rebound to bring back confidence. Any hope wanacharts?


Nope. None at all. Which means you should be holding cash (or any non equity related security) on the ready.

Reversal in the offing, things are looking up again
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Angelica _ann
#576 Posted : Tuesday, July 28, 2015 10:58:15 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Othelo wrote:
Muthawamunene wrote:
Angelica _ann wrote:
hisah wrote:
4467 is where the NSE20 closed today.

We need a rebound to bring back confidence. Any hope wanacharts?


Nope. None at all. Which means you should be holding cash (or any non equity related security) on the ready.

Reversal in the offing, things are looking up again

Recovery in the works!
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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hisah
#577 Posted : Wednesday, July 29, 2015 6:21:25 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
A rebound shouldn't be confused with a recovery. For recovery NSE20 needs to reclaim 5000 handle and proceed to retest the high at 5500 which stalled the bulls.

The ensuing rebound is a chance to jump out from the overvalued counters.

Nothing has changed in the econ macros and CBK's mood is still for liquidity tightening.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#578 Posted : Wednesday, July 29, 2015 7:40:58 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
On China

...Prices follow the Elliott Wave Principle, not government dictates


link

From Elliott Wave International:

Here is what you need to know: The indicators we watch strongly suggest that the worldwide deflationary trend has only started.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#579 Posted : Wednesday, July 29, 2015 7:42:56 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
hisah wrote:
A rebound shouldn't be confused with a recovery. For recovery NSE20 needs to reclaim 5000 handle and proceed to retest the high at 5500 which stalled the bulls.

The ensuing rebound is a chance to jump out from the overvalued counters.

Nothing has changed in the econ macros and CBK's mood is still for liquidity tightening.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Muthawamunene
#580 Posted : Wednesday, July 29, 2015 9:21:24 AM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
Angelica _ann wrote:
Othelo wrote:
Muthawamunene wrote:
Angelica _ann wrote:
hisah wrote:
4467 is where the NSE20 closed today.

We need a rebound to bring back confidence. Any hope wanacharts?


Nope. None at all. Which means you should be holding cash (or any non equity related security) on the ready.

Reversal in the offing, things are looking up again

Recovery in the works!


You're too hopeful.

Yesterday's fluke (and the ones coming in the near future) is like when a terminally ill patient whose pain eases for a day or two.

As @hisa said, "Nothing has changed in the econ macros and CBK's mood is still for liquidity tightening."

But it would be a good time to start accumulating at a leisurely pace. Look towards 2017 (mid to end year), its only about 20 months away. And the dividends on your accumulated counters wont be too bad.
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