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Elliott Wave Analysis Of The NSE 20
Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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Muthawamunene wrote: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. I am especially worried about the dollar denominated debts floating about. I think I will start looking at companies that have more shilling denominated financing.
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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Muthawamunene wrote:Muthawamunene wrote: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. I am especially worried about the dollar denominated debts floating about. I think I will start looking at companies that have more shilling denominated financing. In any case, it is not frequent that one gets to truly invest(as opposed to trading) in the main stock exchange. The drop is welcome as long as one has alternative sources of income.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Insurance stocks rebounding furiously  The next down leg will be swift! Those ugly gaps on the rebound offer weak support. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE20 closes @4532 reclaiming the 4500 handle. @maka don't worry the rebound has to coming now after testing 4400 range the selling was over-extended. But the steam will likely ran out around 4700 - 4800 range which was previous support. I expect selling pressure for those trapped to resume there for the next down leg. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:NSE20 closes @4532 reclaiming the 4500 handle. @maka don't worry the rebound has to coming now after testing 4400 range the selling was over-extended. But the steam will likely ran out around 4700 - 4800 range which was previous support. I expect selling pressure for those trapped to resume there for the next down leg. I'm enjoying the show so far. Hfck thinks it can runaway but I'll be waiting down there at sub 18 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:NSE20 closes @4532 reclaiming the 4500 handle. @maka don't worry the rebound has to coming now after testing 4400 range the selling was over-extended. But the steam will likely ran out arr ound 4700 - 4800 range which was previous support. I expect selling pressure for those trapped to resume there for the next down leg. Totally agree. rebound then we shall be testing 4000. Damn I should have chosen a carrer in stock analysis! Life is short. Live passionately.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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sparkly wrote:hisah wrote:NSE20 closes @4532 reclaiming the 4500 handle. @maka don't worry the rebound has to coming now after testing 4400 range the selling was over-extended. But the steam will likely ran out arr ound 4700 - 4800 range which was previous support. I expect selling pressure for those trapped to resume there for the next down leg. Totally agree. rebound then we shall be testing 4000. Damn I should have chosen a carrer in stock analysis! The investors always make more than the workers. And work less. Make that money 💵 The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi
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Aguytrying wrote:sparkly wrote:hisah wrote:NSE20 closes @4532 reclaiming the 4500 handle. @maka don't worry the rebound has to coming now after testing 4400 range the selling was over-extended. But the steam will likely ran out arr ound 4700 - 4800 range which was previous support. I expect selling pressure for those trapped to resume there for the next down leg. Totally agree. rebound then we shall be testing 4000. Damn I should have chosen a carrer in stock analysis! The investors always make more than the workers. And work less. Make that money 💵 We take the risk. And there's no guarantee about the return. We pay bills on the 30/31 not receive a salary. So we deserve the money. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:sparkly wrote:hisah wrote:NSE20 closes @4532 reclaiming the 4500 handle. @maka don't worry the rebound has to coming now after testing 4400 range the selling was over-extended. But the steam will likely ran out arr ound 4700 - 4800 range which was previous support. I expect selling pressure for those trapped to resume there for the next down leg. Totally agree. rebound then we shall be testing 4000. Damn I should have chosen a carrer in stock analysis! The investors always make more than the workers. And work less. Make that money 💵 We take the risk. And there's no guarantee about the return. We pay bills on the 30/31 not receive a salary. So we deserve the money. I like a quote by kiyosaki. "your bosses job is not to make you rich. It's to give you a job. It's your job to make yourself rich" The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 1/3/2014 Posts: 257
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I have been sitting it out, exited a bit too early but the clouds turned grey and my risk tolerance threshold was crossed so I liquidated a couple of months ago. Now the bear is roaming in town and bargains are going to be available. I dare say with the oncoming dip, the problem is going to be too many options available. Which counters to pick up and which ones to pass. Better start your planning now so that when time comes you strike without second guessing yourself.
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Elliott Wave Analysis Of The NSE 20
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