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How to tell NSE has bottomed out
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Any positive news from inflation numbers being released today will send the NSE on a rally vice versa if the inflation numbers look like a cricket score we shall come tumbling down.
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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You know the market is bottoming out when all we can do for a whole trading session is 68.76M!!! @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE July close @3733. I expect a slide to 3700 or 3690, then a pickup. That would form a hammer candle pattern, which would hint to a bullish pickup. This is what I'm looking for in August. If the index falls thru 3600, all fast trade bets off! $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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Sufficiently Philanga....thropic wrote:You know the market is bottoming out when all we can do for a whole trading session is 68.76M!!! Did the ATS fail today  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Sufficiently Philanga....thropic wrote:You know the market is bottoming out when all we can do for a whole trading session is 68.76M!!! Those volumes were pitiful! GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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We also need to consider the run up to Britak IPO closure this FurahiDAY!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KCB, volume spikes again. Foreigners net buys. Scom volume demand x12 vs supply... Trades today equal buy/sell foreign interest. Supply @3.50 & below getting skimmed aka stopping supply. NSE index 1% up today. Traders keep watching... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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From a TA point of view NSE should be ready for a short term rebound but i kind of have a feeling it's still going to be tricky. This is because even after a US debt deal, their numbers are kind of a little scary. The deal will have a -ve 1.5% growth on their economy while their real earlier growth expectations was at only 1.3%. Trickle down effect even when we don't want to accept will be there, this coupled with high inflation & high interest rates. 'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Member Joined: 9/21/2007 Posts: 326
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hisah wrote:NSE July close @3733. I expect a slide to 3700 or 3690, then a pickup. That would form a hammer candle pattern, which would hint to a bullish pickup. This is what I'm looking for in August. If the index falls thru 3600, all fast trade bets off! There is the looming aud 2012 invinsible foot, i'd expect the curve to flat out at 3600 for at least 12 more months before the bullish hint, that's assuming the bear pressure doesn't further creep on investors willing to cut their losses before amagedion and allow the index to seeve to sub 3500...my 2 cents Speak your truth quietly and clearly; and listen to others, even the dull and the ignorant; they too have their story.
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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hisah wrote:Sufficiently Philanga....thropic wrote:You know the market is bottoming out when all we can do for a whole trading session is 68.76M!!! Did the ATS fail today Ha ha ha, ATS almost failed, it was one of those days you'd want to forget as a seller, and remember as a buyer. By the way, it might be hard to breach the 3,700 levels. The maket has proved resilient yesteday and today. I expected us to do below 3,700 yesterday, but serious buyers checked in. Now i see us staying above this figure into September and then the real bear will stand up! @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I'm looking at the NSE volume build up. By Thursday next week we will know the tape directions... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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A relief rally to 3900 then we drop hard to 3000...seriously with all this bank's earning's missing street estimates...there is nothing to keep us above 4000...
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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My revised targets. NIC 29/-, JHL 165/-, KK 9/80
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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Hi guys, when foreign investment bankers projected this debt thing, they called profitable positions to shore up capital should they need to impair government debt. But with that behind them, they have excess capital positions and can take up more EM opportunities A bad day fishing is better than a good day at work
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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the deal wrote:A relief rally to 3900 then we drop hard to 3000...seriously with all this bank's earning's missing street estimates...there is nothing to keep us above 4000... The performance of banks was just as was expected. It was irrational to expect them to match Q1 growth GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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the deal wrote:A relief rally to 3900 then we drop hard to 3000...seriously with all this bank's earning's missing street estimates...there is nothing to keep us above 4000... Really positioning myself for this relief rally, which will be sweet but,IMHO, the last one this year! And there will be money to be made, even when every economic and political indicator points otherwise! Mr. Market will trully suprise guys with an early chistmas present! @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:I'm looking at the NSE volume build up. By Thursday next week we will know the tape directions... I'm wondering if the foreign investors demand for the last few weeks on NSE means they knew about the US rating downgrade. If markets panic this week and NSE slips below 3600, all my fast trades will be scrapped.
For KK, I still see it tanking very fast this month as per the reason I mentioned when I started this thread. The price will slip below 9 in coming months.
As for member aka equity aka ekwe tea, sub 20 is coming...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote: The performance of banks was just as was expected. It was irrational to expect them to match Q1 growth With a stunning exception in KCB...Roar!!
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Rank: Member Joined: 4/14/2011 Posts: 639
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Hunderwear wrote:My gut feeling gives the following prices as the floor after which the market should experience a huge rally upwards.Saf@2 ,Kcb@15,Ekwity@15.5,Kplc@16,KK@8.Guys keep ur eyes open and your cash liquid and when you see the above prices you know its time.Am yet to have a feel of the target 20share index but below 3000 is most probable.Its only the patient who are gonna reap big here.Keep your fingers crossed!Any technical analyst to rubber stamp this? >>Kplc almost there next I see kk exdiv and soon afta safcom.I like this bear
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