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Elliott Wave Analysis Of The NSE 20
mnandii
#591 Posted : Friday, July 31, 2015 5:11:55 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Relax!

Don't panic.

A strong bounce in the NSE 20 Share Index may yet be on the cards!
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.
mnandii
#592 Posted : Friday, July 31, 2015 5:17:31 AM
Rank: Elder

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


I don't understand the disparity in the reported NSE 20 Share Index close yesterday (30th July, 2015). NSE website shows 4605.25 yet both Financial Times and www.investing.com show 4487.38

Financial Times

Investing.com
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.
hisah
#593 Posted : Friday, July 31, 2015 12:27:23 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mnandii wrote:


I don't understand the disparity in the reported NSE 20 Share Index close yesterday (30th July, 2015). NSE website shows 4605.25 yet both Financial Times and www.investing.com show 4487.38

Financial Times

Investing.com

Just had a look at the price list as per 30th close.

Dear NSE it's impossible for NSE20 index to have closed at 4605 yesterday. Unless someone is cooking the index formula. There is no way the index was up more than 1% yesterday without while the heavyweights comprising the index hardly moved up!

@mnandii, the 4400 zone pin off bounce is dead without mpesa bank and the top 6 not participating. Mpesa bank is closing the week below the 15 handle!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Aguytrying
#594 Posted : Friday, July 31, 2015 1:40:03 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
mnandii wrote:


I don't understand the disparity in the reported NSE 20 Share Index close yesterday (30th July, 2015). NSE website shows 4605.25 yet both Financial Times and www.investing.com show 4487.38

Financial Times

Investing.com

Just had a look at the price list as per 30th close.

Dear NSE it's impossible for NSE20 index to have closed at 4605 yesterday. Unless someone is cooking the index formula. There is no way the index was up more than 1% yesterday without while the heavyweights comprising the index hardly moved up!

@mnandii, the 4400 zone pin off bounce is dead without mpesa bank and the top 6 not participating. Mpesa bank is closing the week below the 15 handle!


Yesterday the index was down 0.99% according to SIB.

I wish you guys could see the smile on my face when i saw safaricom at 14.00

@hisah, mnadii. you use machines (charts) to tell the weather. Im like those traditional rain makers using traditional methods.

Just the other day I foretold that When the big three fall, they will pull the market down, and it has come to pass. Safcom now at 14.00, KCB looking to breach below 50, and equity looking to breach below 40.

All these wonders happened when the market was correcting as stated by @hisah in red. Im watching those 3.

again i repeat. " Imagine getting safaricom at basement price before september 2015. In time for the dividend?" smile
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#595 Posted : Friday, July 31, 2015 1:46:41 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
snipermnoma wrote:
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.


Way ahead of you. I have targets and target prices(range). compiled in february 2015. But I see you are hunting them in sniperly fashion as well
The investor's chief problem - and even his worst enemy - is likely to be himself
Aguytrying
#596 Posted : Friday, July 31, 2015 1:57:16 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
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.


From the signs of the big 3 or big 6. The next leg down will be swift and brutal. Infact even today the NSE has lost many points-lets see.
The investor's chief problem - and even his worst enemy - is likely to be himself
littledove
#597 Posted : Friday, July 31, 2015 1:59:39 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Aguytrying wrote:
hisah wrote:
mnandii wrote:


I don't understand the disparity in the reported NSE 20 Share Index close yesterday (30th July, 2015). NSE website shows 4605.25 yet both Financial Times and www.investing.com show 4487.38

Financial Times

Investing.com

Just had a look at the price list as per 30th close.

Dear NSE it's impossible for NSE20 index to have closed at 4605 yesterday. Unless someone is cooking the index formula. There is no way the index was up more than 1% yesterday without while the heavyweights comprising the index hardly moved up!

@mnandii, the 4400 zone pin off bounce is dead without mpesa bank and the top 6 not participating. Mpesa bank is closing the week below the 15 handle!


Yesterday the index was down 0.99% according to SIB.

I wish you guys could see the smile on my face when i saw safaricom at 14.00

@hisah, mnadii. you use machines (charts) to tell the weather. Im like those traditional rain makers using traditional methods.

Just the other day I foretold that When the big three fall, they will pull the market down, and it has come to pass. Safcom now at 14.00, KCB looking to breach below 50, and equity looking to breach below 40.All these wonders happened when the market was correcting as stated by @hisah in red. Im watching those 3.

again i repeat. " Imagine getting safaricom at basement price before september 2015. In time for the dividend?" smile

panic as 40 handle caves in for equity, currently trading at 37.25, simba on its way !
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Angelica _ann
#598 Posted : Friday, July 31, 2015 2:35:50 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
KCB printed 45.50 bob okay!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
hisah
#599 Posted : Friday, July 31, 2015 2:41:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The carnage is starting to shape up! Hapa kuna watu watalia...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Metasploit
#600 Posted : Friday, July 31, 2015 2:47:38 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Its bad..very bad

Those critical multi year support are being broken like i dont know what

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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