qw25041985 wrote:is clear that MSC sell-off ISNOT because of the so called poor performance it had.It because of the weak economic data coming from the US and poor investor sentiment about the strength of the economic recovery process.FOREIGN investors who are the bulk of msc are taking flight.More so gold and other metals has been appreciating in the last few trading sessions a clear indication investors are heading for safer investments.....I know i might be talkin greek to some of you but all markets are inter-connected and track the performance of the big world stock markets.
Once investors see the light of some recover is taking place all you msc haters will be eating your own words....
SO EXPECT THE NAIROBI STOCK EXCHANGE TO TRADE LOW AS IT IS INTURNDEM WITH THE GLOBAL MARKETS.
Yaani you just cannot see can you? i told you the only way a price forecast will work in the nse is if all other factors are quantifiably held constant..our market is too small such that emotions
MUST influence price tendencies!! unlike forex world where emotions have little or no effect thanx to vastness of the market..thus..dumping of mumias is a matter of fear..expressed here and greed..and those too CANNOT be charted!
plus less than 3% population has access to combs..how much less do you think is awares..even remotely of technical analysis??
MSC is NOT the NSE..and nse has been down 8 continuous trading days.. this news ya US umejua leo? Dude! You should join politics. Waaaarrrrrt?
first centum..then access...now mumias..you may not see this but at some point.. credibility of you "investment advice" will kwisha..
But on a better side..you will do much better on forex..
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version