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Elliott Wave Analysis Of The NSE 20
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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hisah wrote:I can see CBK is willing to offer PPT services to combat the teetering confidence in the banking sector. This is an admission that some bad apples are still lurking around.
Will CBK cut the CBR rate significantly in order to offer a robust support base? If they do so, NSE will celebrate that heavy PPT action. But the side-effects are a weakening KES. Tough choices. S&P KE rating update is coming up this week. Gok will struggle trying to sell the 2nd eurobond from the current events and another negative rating review will also not help at all.
I expect NSE20 to outperform NASI as return of capital rather than return on capital becomes the primary focus until the sentiment changes. Trading or trading in flight to quality markets is a very tough assignment that Wanjikus will hate. Today NSE20share index expect more than 50 points under! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:hisah wrote:I can see CBK is willing to offer PPT services to combat the teetering confidence in the banking sector. This is an admission that some bad apples are still lurking around.
Will CBK cut the CBR rate significantly in order to offer a robust support base? If they do so, NSE will celebrate that heavy PPT action. But the side-effects are a weakening KES. Tough choices. S&P KE rating update is coming up this week. Gok will struggle trying to sell the 2nd eurobond from the current events and another negative rating review will also not help at all.
I expect NSE20 to outperform NASI as return of capital rather than return on capital becomes the primary focus until the sentiment changes. Trading or trading in flight to quality markets is a very tough assignment that Wanjikus will hate. Today NSE20share index expect more than 50 points under! Tomorrow sub 3900 points NSE20 index must be tested. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:obiero wrote:VituVingiSana wrote:hisah wrote:@mnandii, SPT, sparkly have a look at the NBK long term chart. Can you spot the falling wedge breakout!!! The price will plunge very sharply! With the current drama unfolding in the banking sector I'm keenly following this counter. GoK debt drama and this gok bank promise to stage a nice thriller.  NBK has issues regardless of high T-Bill rates or a bear market. It is under-capitalized [poor CARs] and lives on the largesse of GoK. If its loan book was assessed using metrics of more conservative banks, it would be closed down faster than Imperial Bank! True. That is why GoK will soon combine NBK, Consolidated and Development banks. In a few months.. Wedge breakout to the downside as price prints below 15 handle to close at 14.80. Sharp plunge coming up!
Post #1160: Posted : Wednesday, November 04, 2015 3:48:43 PM
The wedge formation finally had its breakout and NBK prices have collapsed as expected and tested the 8.00 handle on the spike selloff. Wedge breakouts are powerful. More selling pressure is coming!
The banking thriller has been as expected. We still have the gok debt thriller coming up. Caution in this market.$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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Global markets looking reap for harvest! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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hisah wrote:Global markets looking reap for harvest! expound mkubwa "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mlennyma wrote:hisah wrote:Global markets looking reap for harvest! expound mkubwa Bulls trying hard to push back the bearish storm that sent the markets plunging last August. The pattern almost resembles March 2008. If it plays out the same way, sharp plunge ahead!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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hisah wrote:mlennyma wrote:hisah wrote:Global markets looking reap for harvest! expound mkubwa Bulls trying hard to push back the bearish storm that sent the markets plunging last August. The pattern almost resembles March 2008. If it plays out the same way, sharp plunge ahead! 2008 we hit the roof top,are you sane?  "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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hisah wrote:Global markets looking reap for harvest! you are not like@spikes i have to take your words like law. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mlennyma wrote:hisah wrote:mlennyma wrote:hisah wrote:Global markets looking reap for harvest! expound mkubwa Bulls trying hard to push back the bearish storm that sent the markets plunging last August. The pattern almost resembles March 2008. If it plays out the same way, sharp plunge ahead! 2008 we hit the roof top,are you sane? Which global market was that?$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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mlennyma wrote:hisah wrote:Global markets looking reap for harvest! expound mkubwa You mean reap is the new ripe? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Impunity wrote:mlennyma wrote:hisah wrote:Global markets looking reap for harvest! expound mkubwa You mean reap is the new ripe? Of course not  $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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hisah wrote:mlennyma wrote:hisah wrote:Global markets looking ripe for harvest! expound mkubwa Bulls trying hard to push back the bearish storm that sent the markets plunging last August. The pattern almost resembles March 2008. If it plays out the same way, sharp plunge ahead! Caution in these markets!
@SPT, sparkly, mnandii review your charts. If bulls fail here, you know what next...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Whats with Stanchart? "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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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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murchr wrote:Whats with Stanchart? Books closure: 22 April
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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The ugly ducklings of the NSE are yet to report on how they fared in 2015. This market... The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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hisah wrote:hisah wrote:mlennyma wrote:hisah wrote:Global markets looking ripe for harvest! expound mkubwa Bulls trying hard to push back the bearish storm that sent the markets plunging last August. The pattern almost resembles March 2008. If it plays out the same way, sharp plunge ahead! Caution in these markets!
@SPT, sparkly, mnandii review your charts. If bulls fail here, you know what next... Bailed out on news Dow hit 18,000 pts. Very risky business......monkey business with Yellen on the driver's seat. @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,218 Location: Sundowner,Amboseli
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Sufficiently Philanga....thropic wrote:hisah wrote:hisah wrote:mlennyma wrote:hisah wrote:Global markets looking ripe for harvest! expound mkubwa Bulls trying hard to push back the bearish storm that sent the markets plunging last August. The pattern almost resembles March 2008. If it plays out the same way, sharp plunge ahead! Caution in these markets!
@SPT, sparkly, mnandii review your charts. If bulls fail here, you know what next... Bailed out on news Dow hit 18,000 pts. Very risky business......monkey business with Yellen on the driver's seat. Currently looking at the weekly and monthly charts for the Dow and the story is the same. #HowLong @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:hisah wrote:hisah wrote:mlennyma wrote:hisah wrote:Global markets looking ripe for harvest! expound mkubwa Bulls trying hard to push back the bearish storm that sent the markets plunging last August. The pattern almost resembles March 2008. If it plays out the same way, sharp plunge ahead! Caution in these markets!
@SPT, sparkly, mnandii review your charts. If bulls fail here, you know what next... Bailed out on news Dow hit 18,000 pts. Very risky business......monkey business with Yellen on the driver's seat. Currently looking at the weekly and monthly charts for the Dow and the story is the same. #HowLong You've seen how BoJ's inaction has caused Nikkei bulls to get repelled by the 17000 resistance zone. Meanwhile Fed continues to send mixed signals. The next rate hike will be a nasty surprise.
NSE20 is currently in a bollinger bands squeeze since late February. Volatility spike looms. Sizable up or down move very soon. That timing with the global markets on the edge will have sizable power when the moves begin!$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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TA people are you seeing the weekly reversal in the major global indices. I repeat if the bulls fail here the selloff will be action packed! Sit tight... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:hisah wrote:hisah wrote:mlennyma wrote:hisah wrote:Global markets looking ripe for harvest! expound mkubwa Bulls trying hard to push back the bearish storm that sent the markets plunging last August. The pattern almost resembles March 2008. If it plays out the same way, sharp plunge ahead! Caution in these markets!
@SPT, sparkly, mnandii review your charts. If bulls fail here, you know what next... Bailed out on news Dow hit 18,000 pts. Very risky business......monkey business with Yellen on the driver's seat. Currently looking at the weekly and monthly charts for the Dow and the story is the same. #HowLong You've seen how BoJ's inaction has caused Nikkei bulls to get repelled by the 17000 resistance zone. Meanwhile Fed continues to send mixed signals. The next rate hike will be a nasty surprise.
NSE20 is currently in a bollinger bands squeeze since late February. Volatility spike looms. Sizable up or down move very soon. That timing with the global markets on the edge will have sizable power when the moves begin! Went long on Kengen between 5.5-6 still well in the green. Building a cash stockpile from my core business to throw at the bull later in the year. I believe the NSE will trade sideways at least to the end of the year. Life is short. Live passionately.
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Elliott Wave Analysis Of The NSE 20
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