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The stock market has Bottomed
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QW25081985
#1 Posted : Friday, September 16, 2011 7:51:14 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Yes there i have said it the stock market has bottomed and all the easy bargain that we saw for last couple of months are slowly vanishing.
In the recent past we have seen allot of entry volume on blue chips and this bargain hunting has provided and bottom for the market and i donot see how stocks can go any lower.
Secondly using our bell weather stock theory.Safaricom ( our bell weather stock) which is a good indicator of where the market is going created an floor ( that is traded huge volume at a stable price) awhile ago and rallied alittle bit signaling it has found a bottom and prices can only look up.
Thirdly volume spikes we have seen of late on blue chips indicated investors are busy scouping up cheap stocks and it would be wise to enter with this high volume ...
I have also but my money where my mouth is and dipped into the market big time.Taking up Equity , Co-op , Safcom etc etc etc
Whereever @Yessirbigchair is he better know the market has bottomed and NOW is the time to BUY !!!!!!
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Cde Monomotapa
#2 Posted : Friday, September 16, 2011 8:19:16 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Laughing out loudly
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mlennyma
#3 Posted : Friday, September 16, 2011 8:31:31 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The only way to beat a declining market is to enter in bits when your research tells you the bottom is near,now you are telling pple to buy when you discouraged them to buy at cheaper levels last week thank god i do my own ground work.
"Don't let the fear of losing be greater than the excitement of winning."
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QW25081985
#4 Posted : Friday, September 16, 2011 8:39:43 AM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Defintely a bottom has been created ....i expect the market to range hover around the 3500 barrier before a push upward
The amount of force ( huge volume) we saw of late will make slicing though the 3500 barrier a piece of cake...Wait and see
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mlennyma
#5 Posted : Friday, September 16, 2011 8:47:08 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
I still cant understand why safcom supply of less than 1m against demand of over 7m has not moved the share to atleast 3.70 but however thank it for defying book close theory.
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#6 Posted : Friday, September 16, 2011 8:56:57 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
The only way to beat a declining market is to enter in bits when your research tells you the bottom is near,now you are telling pple to buy when you discouraged them to buy at cheaper levels last week thank god i do my own ground work.
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the deal
#7 Posted : Friday, September 16, 2011 9:23:18 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
More crap from @QW...if u took one stand for one day maybe we will start believing you...how can u call for a bottom if we have not passed 3500...support turns into resistance...look at the RSI...look at the stochastic indicators and then come back and tell me what u saw...
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Imp unity
#8 Posted : Friday, September 16, 2011 10:56:56 AM
Rank: New-farer

Joined: 8/10/2011
Posts: 60
QW25081985 wrote:
Yes there i have said it the stock market has bottomed and all the easy bargain that we saw for last couple of months are slowly vanishing.
In the recent past we have seen allot of entry volume on blue chips and this bargain hunting has provided and bottom for the market and i donot see how stocks can go any lower.
Secondly using our bell weather stock theory.Safaricom ( our bell weather stock) which is a good indicator of where the market is going created an floor ( that is traded huge volume at a stable price) awhile ago and rallied alittle bit signaling it has found a bottom and prices can only look up.
Thirdly volume spikes we have seen of late on blue chips indicated investors are busy scouping up cheap stocks and it would be wise to enter with this high volume ...
I have also but my money where my mouth is and dipped into the market big time.Taking up Equity , Co-op , Safcom etc etc etc
Whereever @Yessirbigchair is he better know the market has bottomed and NOW is the time to BUY !!!!!!


Only fools pursue the bottom of a stock market for it is like a bucket of gold at the end of the rainbow.
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FUNKY
#9 Posted : Friday, September 16, 2011 11:12:19 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
The cheese will be back at the stock market.

http://www.businessdaily...86/-/a36xr5/-/index.html
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QW25081985
#10 Posted : Friday, September 16, 2011 9:45:04 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
the deal wrote:
More crap from @QW...if u took one stand for one day maybe we will start believing you...how can u call for a bottom if we have not passed 3500...support turns into resistance...look at the RSI...look at the stochastic indicators and then come back and tell me what u saw...


guess you spoke too soon . go learn some technical analysis then come back for some serious debate . Or maybe you'll be a bear in abull market . whatever suits you keep going it ...a good trader is one who follows sa trend ..if you think you can be a bear or bull all your life you need to check urself first
Oh ! and btw we dnt need to look very far for the crappiest analysis around.
Your bride britac is down 50% so far.. Atleast i was clever enough NOT to be fooled..
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