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Elliott Wave Analysis Of The NSE 20
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murchr
#721 Posted : Monday, August 24, 2015 4:45:16 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980

CNBC wrote:
U.S. stock index futures screamed lower on Monday, with Dow futures tumbling more than 700 points, as fears surrounding the health of China's economy multiplied.

The New York Stock Exchange is invoking Rule 48 for the Monday stock market open, Dow Jones reported.

The rule allows NYSE to open stocks without indications. "It was set up for situations like this," said Art Hogan, chief market strategist at Wunderich Securities. It was last used in the financial crisis. The Dow futures held about 700 points lower, with the S&P futures off about 80 points, and the Nasdaq 100 futures off about 5 percent, which marks the lower end of the price limit.

The major averages are on track for one of their worst opens since the financial crisis of 2008.


http://www.cnbc.com/2015...n-as-futures-plunge.html
"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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holycow
#722 Posted : Monday, August 24, 2015 4:47:30 PM
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Joined: 11/11/2006
Posts: 972
Location: Home
The opening tumble is actually breaking news on BBC.
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hisah
#723 Posted : Monday, August 24, 2015 4:47:39 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This tide is going to expose a lot of ugliness. And it's not yet September when trading desks are in full swing!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#724 Posted : Monday, August 24, 2015 5:18:24 PM
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Joined: 2/26/2012
Posts: 15,980
@hisah....where is capital flowing to? The volume at the NSE today was minimal with SAFCOM being the top mover trading less than 7M shares. Foreigners participation was just at 50 something %...any insights?
"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
#725 Posted : Monday, August 24, 2015 5:38:55 PM
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Joined: 8/4/2010
Posts: 8,977
murchr wrote:
@hisah....where is capital flowing to? The volume at the NSE today was minimal with SAFCOM being the top mover trading less than 7M shares. Foreigners participation was just at 50 something %...any insights?

Muted participation today. Will keep monitoring. I guess the moves are at the higher global level before we move to the medium and low levels.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dunkang
#726 Posted : Monday, August 24, 2015 5:41:09 PM
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Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
murchr wrote:
@hisah....where is capital flowing to? The volume at the NSE today was minimal with SAFCOM being the top mover trading less than 7M shares. Foreigners participation was just at 50 something %...any insights?

Blame it on China. NYSE also bleeding like a burukenge.
Receive with simplicity everything that happens to you.” ― Rashi

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hisah
#727 Posted : Monday, August 24, 2015 6:36:25 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Selling overdone. Too much fear at this point. I expect the indices to rebound from this point until the next selloff next month.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#728 Posted : Tuesday, August 25, 2015 4:40:41 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980




Pray I don't think this has to do with the Chinese economy anymore....just Wanjiku fleeing the market
"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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mnandii
#729 Posted : Tuesday, August 25, 2015 6:50:57 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
hisah wrote:
This tide is going to expose a lot of ugliness. And it's not yet September when trading desks are in full swing!

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
#730 Posted : Tuesday, August 25, 2015 6:52:56 AM
Rank: Elder

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

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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