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Elliott Wave Analysis Of The NSE 20
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Pesa Nane wrote:cnn wrote: And now no trading data since 11.40 a.m, on both mystocks and rich...systems down? Power Outage! Blame it on CDS, or NSE or perhaps KPLC or KENGEN or perhaps the dams.. Take heart, Biz as usual tomorrow 0900 HRS.  What a shame!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Pesa Nane wrote:cnn wrote: And now no trading data since 11.40 a.m, on both mystocks and rich...systems down? Power Outage! Blame it on CDS, or NSE or perhaps KPLC or KENGEN or perhaps the dams.. Take heart, Biz as usual tomorrow 0900 HRS. Doesn't a 'world class' exchange have backup power? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Metasploit wrote:hisah wrote:Caution bulls. The next market raid will be swift! He he..Av seen it! This one was too obvious..People chose to ignore Watching the trend-setters # Safaricom and KCB NSE20 closed at 4109. The retest of 4080 support is nigh. FTSE NSE15 and 25 weekly charts show weakness, which hints the retest of the Aug 27 low will fail!
Brace for the next slide... Meanwhile while the market was 'static' yesterday coz of power outage, the 4080 level broke down. NSE20 closed at 4064.
Slow train crash in a liquidity vacuum! This is so boring to watch. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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I am inclined to believe if financials and the telco start weathering El nino today and that no KPLC power interruption nosedive below 3900 NSE 20 index is likely today. Liquidity crunch is biting! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:hisah wrote:Metasploit wrote:hisah wrote:Caution bulls. The next market raid will be swift! He he..Av seen it! This one was too obvious..People chose to ignore Watching the trend-setters # Safaricom and KCB NSE20 closed at 4109. The retest of 4080 support is nigh. FTSE NSE15 and 25 weekly charts show weakness, which hints the retest of the Aug 27 low will fail!
Brace for the next slide... Meanwhile while the market was 'static' yesterday coz of power outage, the 4080 level broke down. NSE20 closed at 4064.
Slow train crash in a liquidity vacuum! This is so boring to watch. If you were to guess where would you pin the hailed bottom? What do you make of the NSE 25 index? Could it replace the NSE 20 eventually?? I dont see the need of having the two. I'm seriously salivating over NIC bank and ARM cement, i don't know how much longer i can hold myself from buying. I know its not yet time, but I can feel its near based on the valuations The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:hisah wrote:hisah wrote:Metasploit wrote:hisah wrote:Caution bulls. The next market raid will be swift! He he..Av seen it! This one was too obvious..People chose to ignore Watching the trend-setters # Safaricom and KCB NSE20 closed at 4109. The retest of 4080 support is nigh. FTSE NSE15 and 25 weekly charts show weakness, which hints the retest of the Aug 27 low will fail!
Brace for the next slide... Meanwhile while the market was 'static' yesterday coz of power outage, the 4080 level broke down. NSE20 closed at 4064.
Slow train crash in a liquidity vacuum! This is so boring to watch. If you were to guess where would you pin the hailed bottom? What do you make of the NSE 25 index? Could it replace the NSE 20 eventually?? I dont see the need of having the two. I'm seriously salivating over NIC bank and ARM cement, i don't know how much longer i can hold myself from buying. I know its not yet time, but I can feel its near based on the valuations It's not easy to call a bottom or top, but some events can help. In case of a bottom, the liquidity taps need to start flowing again. If most stocks are trading at NAV or close to it that's also a nice signal. Treasury and CB also need to be in sync. At the moment they don't seem to be in harmony. Equities thrive on liquidity without which bulls can't make a solid charge. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/3/2014 Posts: 257
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hisah wrote:Aguytrying wrote:hisah wrote:hisah wrote:Metasploit wrote:hisah wrote:Caution bulls. The next market raid will be swift! He he..Av seen it! This one was too obvious..People chose to ignore Watching the trend-setters # Safaricom and KCB NSE20 closed at 4109. The retest of 4080 support is nigh. FTSE NSE15 and 25 weekly charts show weakness, which hints the retest of the Aug 27 low will fail!
Brace for the next slide... Meanwhile while the market was 'static' yesterday coz of power outage, the 4080 level broke down. NSE20 closed at 4064.
Slow train crash in a liquidity vacuum! This is so boring to watch. If you were to guess where would you pin the hailed bottom? What do you make of the NSE 25 index? Could it replace the NSE 20 eventually?? I dont see the need of having the two. I'm seriously salivating over NIC bank and ARM cement, i don't know how much longer i can hold myself from buying. I know its not yet time, but I can feel its near based on the valuations It's not easy to call a bottom or top, but some events can help. In case of a bottom, the liquidity taps need to start flowing again. If most stocks are trading at NAV or close to it that's also a nice signal. Treasury and CB also need to be in sync. At the moment they don't seem to be in harmony. Equities thrive on liquidity without which bulls can't make a solid charge. @aguytrying, I feel your pain. I'm struggling to hold myself but I know I must wait a little longer. To echo @hisah, timing a bottom (or top) to absolute perfection is near impossible. It is best to set targets for entry (and exit) and go for it. I do not mind buying on the upswing and missing the perfect bottom. Besides as long as you entered near bottom you will still make returns on the way up.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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I doubt this slow motion bear run/sideways show is going to last till the proverbial bottom. A cranked up version will come up sooner rather than later. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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If 4000 has held today,it is by a whisker.A very boring market at the moment.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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The bear is warming up. It will accelerate to below 3800 NSE index in the next 3wks....... once the telco and financials start plunging from their mountainous peak (as of today) panic will spread and obvious nse will crush! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Elliott Wave Analysis Of The NSE 20
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