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How to tell NSE has bottomed out
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The NSE closed below 3500 yesterday but NSE didnt update the index...what happened to @QW bull rally? 
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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the deal wrote:The NSE closed below 3500 yesterday but NSE didnt update the index...what happened to @QW bull rally? i have NEVER called for a BULL RALLY. . i have called for a STOP in selling and we enter into a ranging movement. surely where will a rally come from ???? lol .
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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@Hisa,
Where can I see the RSI trend and the candles? Do you have a website?
Thanks
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Liv wrote:@Hisa,
Where can I see the RSI trend and the candles? Do you have a website?
Thanks subscribe to http://www.live.mystocks.co.ke . pick the pro version . about 4k pm
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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The NSE 20 index falls below 3500 closing at 3476.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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cnn wrote:The NSE 20 index falls below 3500 closing at 3476. Wapi NSSF, nkt!! 
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Cde Monomotapa wrote:cnn wrote:The NSE 20 index falls below 3500 closing at 3476. Wapi NSSF, nkt!! Western Central bankers are meeting this weekend in Jackson Hole, Wyoming. At last year’s event, Fed Chairman Ben S. Bernanke’s hint of a second round of asset purchases, or quantitative easing, spurred a 28 percent jump in the US S&P 500 through April. Secondary effects on the NSE may be felt come early next week...
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Rank: Member Joined: 4/14/2011 Posts: 639
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The market doesnt feel oversold anymore.3000 here we come!
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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things are bad . even my a.k printed a NEW LOW !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOie . mwathani, Jesu.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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The bumpy ride is still on...destination 3000 African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Sober wrote:The bumpy ride is still on...destination 3000 am afraid you are right. More so because we have bn ranging for a while so the next move will be big.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Dumped member at 23 a move i thank myself for,i intend to hold my horses and may be head to the kenyan coast for holidays upto august next yr. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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What is patience ? Holding co-op bought at 18.00 ! And we keep holding.
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Liv wrote:@Hisa,
Where can I see the RSI trend and the candles? Do you have a website?
Thanks Try Bloomberg, it has stuff like MACD, RSI, some of which make little or no sense to me. http://www.bloomberg.com/apps/quote?ticker=KNSMIDX:IND
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:Sufficiently Philanga....thropic wrote:NSE sheds 35.67 points to settle at 3510.65 points.
Another loss at the NSE tomorrow and we will be below 3,500 points, where we've been out of since Jan 18th 2010!19 months gains look all set to be wiped out!
@Hisah, what say you? By Friday we will know if last week's bounce had legs or not. I noticed a lot of counters did not trade today.
Seems like Ocampo has spooked the top brass 9 days before the hearing start on Sept 1st. This can easily create uneven reaction as @erifloss puts it. In Europe things are still foggy and with the forex markets being almost stationary, that is not a good sign for risk appetite.
Anyhow, the lower the market, the better the fat-tail  It's Wednesday & NSE is below the last 2 Fridays lows. The bounce has no legs and the thin volume is making the slid very slippery. With britak listing just a week away, those investors had better pray for some serious divine intervention.
NSE has now spent months with RSI in oversold levels for many weeks. Dec 2008 - March 2009 was dicey, but since April 2011 to date, investors have indeed been squeeze dry than back then and it doesn't look like panic central is done yet!?
@Liv - Qw answered your query.
@youcant - KCB @20. Watch that 19.50. While Sasini is aiming above 11.30. Wacha tuone...
Member surpasses my decline target of 20 & closes @19.95. Eh, things are thick!? Now I wait mpesa to got sub 3.
Chuga @5.95, but 1kg pkt sells @200 what a contrast...! Dump the share & hoard the pkts for it pay more... Wapi @Njunge atowe siri za hii kampuni wenye hizi hisa wajipange.
Meanwhile enjoy the fat tail (price discounts - bluechips) getting fatter for millions when the excessive selling is reset. $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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2 keys of MSC brown sugar @420 almost gave me a heart attack. JC! Tuskys.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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hisah wrote:hisah wrote:Sufficiently Philanga....thropic wrote:NSE sheds 35.67 points to settle at 3510.65 points.
Another loss at the NSE tomorrow and we will be below 3,500 points, where we've been out of since Jan 18th 2010!19 months gains look all set to be wiped out!
@Hisah, what say you? By Friday we will know if last week's bounce had legs or not. I noticed a lot of counters did not trade today.
Seems like Ocampo has spooked the top brass 9 days before the hearing start on Sept 1st. This can easily create uneven reaction as @erifloss puts it. In Europe things are still foggy and with the forex markets being almost stationary, that is not a good sign for risk appetite.
Anyhow, the lower the market, the better the fat-tail It's Wednesday & NSE is below the last 2 Fridays lows. The bounce has no legs and the thin volume is making the slid very slippery. With britak listing just a week away, those investors had better pray for some serious divine intervention.
NSE has now spent months with RSI in oversold levels for many weeks. Dec 2008 - March 2009 was dicey, but since April 2011 to date, investors have indeed been squeeze dry than back then and it doesn't look like panic central is done yet!?
@Liv - Qw answered your query.
@youcant - KCB @20. Watch that 19.50. While Sasini is aiming above 11.30. Wacha tuone...
Member surpasses my decline target of 20 & closes @19.95. Eh, things are thick!? Now I wait mpesa to got sub 3.
Chuga @5.95, but 1kg pkt sells @200 what a contrast...! Dump the share & hoard the pkts for it pay more... Wapi @Njunge atowe siri za hii kampuni wenye hizi hisa wajipange.
Meanwhile enjoy the fat tail (price discounts - bluechips) getting fatter for millions when the excessive selling is reset. i am afraid you are right. @ hisah . this thin volumes are exaggerating the slip.ontop of that investors are now selling out of frustration. its a bit tricky pin pointing where k.c.b will rest coz when it breaks 18.00 rights price we will be in unchartered waters. but you could always use fibs to find places on supports. As for a.k 3 bob is my target...
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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@deal . the low liquidity doesnt deter you from trading forex ????????????????? lol. make sure you dnt loose your a/c ...
trading forex during july-august months is suicidal for you ....
take if from me ...
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@Qw - For KCB 19.50 is an uptrend breaking point since 2009. Remember when I mentioned the same last year when MSC broke below 13.60... Uptrend breaks are usually very nasty esp in a bear market & prices get ridiculous to say the least. You might see 15/- which showed up in 2009... Btw at the current points NSE is now down more than 20% since Jan 2011... Surrender level still remains sub 3000 where investors will be throwing tomato fits in the market i.e. kuuza kwa bei ya jioni as they want out at whatever price never to buy stocks again... But when the bull resumes, they tend to forget that episode & buy high yet again! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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manze this small small trades are killing the prices. lakini wen things zita amua kupanda...... it will be in a heart beat. PAP!!!!
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