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How to tell NSE has bottomed out
hisah
#1 Posted : Wednesday, July 13, 2011 8:32:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
That is to say, how to know that the bear is about to go into hibernation after having its fill.

1. When all the media both print and TV don't bother reporting anything on the business news.

2. When media & wanjiku concentrate on the bearish bluechips especially KQ, Safcom, Equity and EABL.

3. When politics hits fever pitch.

Then and only then, start getting in slowly... And watch the volume spikes start to build up as the smart money buys the fear and blood on the streets...

However, if we get another GFC and the whole world feels like it is ending, wait for the Fed banks signal to re-inflate aka print the dollars like a wild hog. This should work out like March 2009...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#2 Posted : Wednesday, July 13, 2011 8:49:08 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Soon there will be a convergence that things are cheap, "then fools rush in"
holycow
#3 Posted : Wednesday, July 13, 2011 9:04:20 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
lovely2010
#4 Posted : Wednesday, July 13, 2011 9:17:09 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
holycow wrote:


true fact
Sufficiently Philanga....thropic
#5 Posted : Wednesday, July 13, 2011 10:30:40 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
@Hisah, maybe a could add some............
4) When the market is forced to open late or
close early because of a "technical error in
the ATS"
- This happened in Jan 2009!
5) When brokers take it upon themselves to call
their clients/emailing them buy proposals of
some specific stocks and urging them to take
the plunge citing IT'S TIME TO BUY!
6) When a day passes and not a single thread or
post has been made here in Wazua!
7) When u visit the brokers office and you are
the only client.
- I saw this in Oct 2008 and Mar 2009 when the
index sank to 3,300 and 2,300 respectively!

@SufficientlyP
Sufficiently Philanga....thropic
#6 Posted : Wednesday, July 13, 2011 10:35:10 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
@Hisah, maybe a could add some............
4) When the market is forced to open late or
close early because of a "technical error in
the ATS"
- This happened in Jan 2009!
5) When brokers take it upon themselves to call
their clients/emailing them buy proposals of
some specific stocks and urging them to take
the plunge citing IT'S TIME TO BUY!
6) When a day passes and not a single thread or
post has been made here in Wazua!
7) When u visit the brokers office and you are
the only client.
- I saw this in Oct 2008 and Mar 2009 when the
index sank to 3,300 and 2,300 respectively!

@SufficientlyP
Aguytrying
#7 Posted : Wednesday, July 13, 2011 10:41:23 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@hisah. So true. When the media reports things like, 'stocks as no longer good investment' 'n.s.e no longer profitable'
The investor's chief problem - and even his worst enemy - is likely to be himself
VituVingiSana
#8 Posted : Wednesday, July 13, 2011 11:28:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
When (not if) the property market slows down... the cash will look for a new place... where do you think that will be?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
hisah
#9 Posted : Thursday, July 14, 2011 5:24:33 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:
@Hisah, maybe a could add some............
4) When the market is forced to open late or
close early because of a "technical error in
the ATS"
- This happened in Jan 2009!
5) When brokers take it upon themselves to call
their clients/emailing them buy proposals of
some specific stocks and urging them to take
the plunge citing IT'S TIME TO BUY!
6) When a day passes and not a single thread or
post has been made here in Wazua!
7) When u visit the brokers office and you are
the only client.
- I saw this in Oct 2008 and Mar 2009 when the
index sank to 3,300 and 2,300 respectively!


Ah, you bring back the memories of ATS running out of gas during 10% across market falls. Those were the days in early 2009. Ulcers central kabisa...

And the best point 7 then 5. Being a buyer then & brokers would treat you like a god. And they'd engage you in endless chat since the chances of seeing another client was rare. I called that period the stock market rapture and somehow the broker & myself were left behind smile
I'm sure if that dealer reads this part she'll remember that conversation...

Those were good times?! At the risk of being smoked by some wazuans for saying that smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#10 Posted : Thursday, July 14, 2011 8:03:13 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah wrote:
Sufficiently Philanga....thropic wrote:
@Hisah, maybe a could add some............
4) When the market is forced to open late or
close early because of a "technical error in
the ATS"
- This happened in Jan 2009!
5) When brokers take it upon themselves to call
their clients/emailing them buy proposals of
some specific stocks and urging them to take
the plunge citing IT'S TIME TO BUY!
6) When a day passes and not a single thread or
post has been made here in Wazua!
7) When u visit the brokers office and you are
the only client.
- I saw this in Oct 2008 and Mar 2009 when the
index sank to 3,300 and 2,300 respectively!


Ah, you bring back the memories of ATS running out of gas during 10% across market falls. Those were the days in early 2009. Ulcers central kabisa...

And the best point 7 then 5. Being a buyer then & brokers would treat you like a god. And they'd engage you in endless chat since the chances of seeing another client was rare. I called that period the stock market rapture and somehow the broker & myself were left behind smile
I'm sure if that dealer reads this part she'll remember that conversation...

Those were good times?! At the risk of being smoked by some wazuans for saying that smile


When inflation stabilises/eases
When elections are very near (if no violence occurs ofcourse)
GOD BLESS YOUR LIFE
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