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How to tell NSE has bottomed out
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mwekez@ji
#841 Posted : Thursday, September 22, 2011 8:23:46 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Sober wrote:
mwekez@ji wrote:
.


You tell the NSE has bottoned up when mwanahisa has nothing to say, market turnover goes up and the index breaks a new barrier. i am confused on what to believe as i have been thing for the last 2 months that we have hit the rock bottom.


Sober, an increase in turnover to a paltry 134M (USD 1.4M) is nothing to write home about. And as hisah has said "3500 handle is proving to be slippery"
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mlennyma
#842 Posted : Thursday, September 22, 2011 8:35:51 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
If all counters were teaming with safcom we would be past 3600,banks are more disapointing and i wish to see their prices when index lands to 3000 .
"Don't let the fear of losing be greater than the excitement of winning."
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youcan'tstopusnow
#843 Posted : Thursday, September 22, 2011 10:39:31 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah wrote:
youcan'tstopusnow wrote:
Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86

So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop.

You guys call it a double top, ama?smile
GOD BLESS YOUR LIFE
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hisah
#844 Posted : Thursday, September 22, 2011 12:31:01 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
hisah wrote:
youcan'tstopusnow wrote:
Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86

So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop.

You guys call it a double top, ama?smile


Not a double top yet.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#845 Posted : Thursday, September 22, 2011 2:51:11 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
youcan'tstopusnow wrote:
hisah wrote:
youcan'tstopusnow wrote:
Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86

So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop.

You guys call it a double top, ama?smile


Not a double top yet.


@ ycnt NOT yet a double bottom coz we need a confirmation .If we break the 3356 level ( the starting point of the current failed rally) then we are in a double bottom and it will open up 3k for sure and my bottoming assumption will be null and void.
Huge sell volume on equity and all the banks .This inflation is really screwing us ...
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FUNKY
#846 Posted : Thursday, September 22, 2011 3:00:51 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Yes equity bank has a sell order of 4,066,600 shares with a demand of only 649,900 shares. The downfall in the price of equity is also looking dangerous for the share price of HFCK.
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hisah
#847 Posted : Thursday, September 22, 2011 3:21:41 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
QW25081985 wrote:
hisah wrote:
youcan'tstopusnow wrote:
hisah wrote:
youcan'tstopusnow wrote:
Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86

So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop.

You guys call it a double top, ama?smile


Not a double top yet.


@ ycnt NOT yet a double bottom coz we need a confirmation .If we break the 3356 level ( the starting point of the current failed rally) then we are in a double bottom and it will open up 3k for sure and my bottoming assumption will be null and void.
Huge sell volume on equity and all the banks .This inflation is really screwing us ...


QW - Your double bottom description is vague. How do you double bottom if you break the initial bottom without a rebound instead?

http://www.investopedia....bottom.asp#axzz1YgQGOtGW
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, September 22, 2011 3:22 PM | Reason: Not specified
hisah
#848 Posted : Thursday, September 22, 2011 3:58:49 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Britank - still untanking... closes today @6.45 up 8.4% on volume fumes smile I want to see if the PPT will manage to take it back to 9/- That will be an interesting CFCI inverse reverse. Do not under-estimate the 'powers' of PPT.

Indeed banks have interesting supply side...

Kenol, supply building up and moves 7M shares today. Such volumes appeared in July and 12/- became 10/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, September 22, 2011 3:59 PM | Reason: Not specified
Aguytrying
#849 Posted : Friday, September 23, 2011 7:11:46 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I coming down again folks, this time with KENOL KOBIL......
The investor's chief problem - and even his worst enemy - is likely to be himself
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QW25081985
#850 Posted : Friday, September 23, 2011 7:46:00 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
QW25081985 wrote:
hisah wrote:
youcan'tstopusnow wrote:
hisah wrote:
[quote=youcan'tstopusnow]Sober, you forgot to mention that the NSE 20-share index lost 38.49 points to close at 3,439.86

So far 3500 handle is proving to be slippery. The 2nd attempt & failure will mean 3000 will be the next stop.

You guys call it a double top, ama?smile


Not a double top yet.


@ ycnt NOT yet a double bottom coz we need a confirmation .If we break the 3356 level ( the starting point of the current failed rally) then we are in a double bottom and it will open up 3k for sure and my bottoming assumption will be null and void.
Huge sell volume on equity and all the banks .This inflation is really screwing us ...


QW - Your double bottom description is vague. How do you double bottom if you break the initial bottom without a rebound instead?

http://www.investopedia....ottom.asp#axzz1YgQGOtGW[/quote]


WOW !!!!!!!!!!!!!!!!!!!! hold it right there . have you even looked at your charts ..i dnt need theories . am a technical guy
Let the chart speak to you and LISTEN !!!!!!!!!!!!! . change to 5Yr for clarity

http://www.bloomberg.com...quote?ticker=KNSMIDX:IND
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