@deal/QW - have you guys checked out the RSI and MACD descending tops between 2.11.2011 and 06.01.2012. Same pattern is unfolding and 3070 will be broken down in coming weeks. Both MACD and RSI failed to reach the highs made on 2.11.2011 confirming the bear is still intact. RSI failed below the 60 mark as the index tried to rally towards 3300 (former support now turned resistance).
I wonder if mpesa rebound will single-handedly be able to pull up the index assuming it tries to rally hard...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!