Wazua
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How to tell NSE has bottomed out
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FTSE NSE indices maintained their 1% plus intraday losses to the close. In this case like I stated yesterday NSE20 will close below 5000. I can see paka's Nth life is growing legs by the day. At 3/- I expect it to meet a sudden brick wall... $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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I can see NSE has quietly updated their site, but no tweet update nor on their FB page. NSE20 lost the 5000 handle to close @4975. This was expected. I sold my VIP ticket and I laid out the plan in advance for those that needed to copy the same. At 5000 NSE20 is way ahead. We need a lot of liquidity to flood in and I hope the new Fin Min will implement some of my suggestions to keep the bull on. If treasury chooses austerity without a mix of stimulation in manufacturing and consumption those talking of 5400 will just be that - just a talk... 5000 - 5500 zone is a resistance thicket and we need a sharp blade (heavy buy volume) to slash it down. Banks must be forced to cut lending rates. Tbills need to go below 7%. CRR needs to be cut to add strength to the liquidity flood back into the econ. The macros need to be hammered into healthy life. Who'll be the bernanke... Let's see what the national budget will present since the politics alone cannot push the econ. Liquidity is the life blood... The next market setup is the ICC ruling (case dismissed is the event I'm looking for). Prepare for this to profit from that event. For now I expect NSE20 to range between 4700 and 5100. Sideways action aka range bound aka consolidation aka boring price action - neither here or there. $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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Turnover declined to Kes.440M from the previous session’s Kes577M. The number of shares traded stood at 23M against 27M posted yesterday. The NSE 20 Share Index shed 43.96 points to stand at 4975.77. All Share Index (NASI) closed 0.94 points lower to stand at 120.45. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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hisah wrote:
....At 5000 NSE20 is way ahead. We need a lot of liquidity to flood in and I hope the new Fin Min will implement some of my suggestions to keep the bull on. If treasury chooses austerity without a mix of stimulation in manufacturing and consumption those talking of 5400 will just be that - just a talk... 5000 - 5500 zone is a resistance thicket and we need a sharp blade (heavy buy volume) to slash it down. Banks must be forced to cut lending rates. Tbills need to go below 7%. CRR needs to be cut to add strength to the liquidity flood back into the econ. The macros need to be hammered into healthy life. Who'll be the bernanke... Let's see what the national budget will present since the politics alone cannot push the econ. Liquidity is the life blood...
The next market setup is the ICC ruling (case dismissed is the event I'm looking for). Prepare for this....... @Hisah aka Chief, are these words from a War Song??.  Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Pesa Nane wrote:hisah wrote:
....At 5000 NSE20 is way ahead. We need a lot of liquidity to flood in and I hope the new Fin Min will implement some of my suggestions to keep the bull on. If treasury chooses austerity without a mix of stimulation in manufacturing and consumption those talking of 5400 will just be that - just a talk... 5000 - 5500 zone is a resistance thicket and we need a sharp blade (heavy buy volume) to slash it down. Banks must be forced to cut lending rates. Tbills need to go below 7%. CRR needs to be cut to add strength to the liquidity flood back into the econ. The macros need to be hammered into healthy life. Who'll be the bernanke... Let's see what the national budget will present since the politics alone cannot push the econ. Liquidity is the life blood...
The next market setup is the ICC ruling (case dismissed is the event I'm looking for). Prepare for this....... @Hisah aka Chief, are these words from a War Song??.  GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/23/2009 Posts: 13,898 Location: nairobi
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youcan'tstopusnow wrote:Pesa Nane wrote:hisah wrote:
....At 5000 NSE20 is way ahead. We need a lot of liquidity to flood in and I hope the new Fin Min will implement some of my suggestions to keep the bull on. If treasury chooses austerity without a mix of stimulation in manufacturing and consumption those talking of 5400 will just be that - just a talk... 5000 - 5500 zone is a resistance thicket and we need a sharp blade (heavy buy volume) to slash it down. Banks must be forced to cut lending rates. Tbills need to go below 7%. CRR needs to be cut to add strength to the liquidity flood back into the econ. The macros need to be hammered into healthy life. Who'll be the bernanke... Let's see what the national budget will present since the politics alone cannot push the econ. Liquidity is the life blood...
The next market setup is the ICC ruling (case dismissed is the event I'm looking for). Prepare for this....... @Hisah aka Chief, are these words from a War Song??. And now that it is confirmed our dear county governments will remain without financial allocation upto July 2013, expect the markets to dip further with index settling circa 4800 in next few weeks
COOP ABP 15.85; IMH ABP 35.55; KQ ABP 5.75; MTN ABP 5.20
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@pesa nane .. Its always a war. At 3000 points it was a war too, and came out with victory that time. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 4/25/2012 Posts: 110
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Hi Wazuans, mystocks.co.ke is indicating the the market is closed,and i think its awkward given it is past 10am. Am I getting the right picture? or my browser is drunk? There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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MoneyMonger wrote:Hi Wazuans,
mystocks.co.ke is indicating the the market is closed,and i think its awkward given it is past 10am. Am I getting the right picture? or my browser is drunk? mystocks are having problems today coz am on the same page with you. however, the market is very open
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Rank: New-farer Joined: 5/11/2011 Posts: 48
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mwekez@ji wrote:MoneyMonger wrote:Hi Wazuans,
mystocks.co.ke is indicating the the market is closed,and i think its awkward given it is past 10am. Am I getting the right picture? or my browser is drunk? mystocks are having problems today coz am on the same page with you. however, the market is very open cfc activelite too :(
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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eggnest wrote:mwekez@ji wrote:MoneyMonger wrote:Hi Wazuans,
mystocks.co.ke is indicating the the market is closed,and i think its awkward given it is past 10am. Am I getting the right picture? or my browser is drunk? mystocks are having problems today coz am on the same page with you. however, the market is very open cfc activelite too :( Activelite has been working for me since market open.
You can also view the market using Rich Live - http://goo.gl/Sm0QT
$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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Aguytrying wrote:@pesa nane .. Its always a war. At 3000 points it was a war too, and came out with victory that time. Yep, I remember that war. 3030 was the line in the sand and it was a 10yr support trendline. Had that broken down, it would have taken wanjikus a long time to ever look at the market let alone participate again!
$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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Sideways action today on the FTSE NSE indices. NSE20 will likely close flat i.e. around yesterday's metric of 4975 - 4990. If NSE20 closes @4975 it will be 2.3% up for the week. The FTSE NSE indices still have a gap from last Friday's open, I expect this to be filled next week as consolidation continues. $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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NSE wrote:Turnover for the four-day trading week declined to Kes.2.51bn from the previous week’s Kes.2.55bn. The number of shares traded stood at 158M against 112M posted the previous week.
The NSE 20 Share Index was up 2.57% during the week to stand at 4985.68 points.
All Share Index (NASI) was up 2.32% during the week to settle at 120.65 points. Closes the week below 5000 after briefly reclaiming it after almost 5yrs. update - coincidentally today's close (4985) after euphoria 2 is where the market topped out during euphoria 1. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:NSE wrote:Turnover for the four-day trading week declined to Kes.2.51bn from the previous week’s Kes.2.55bn. The number of shares traded stood at 158M against 112M posted the previous week.
The NSE 20 Share Index was up 2.57% during the week to stand at 4985.68 points.
All Share Index (NASI) was up 2.32% during the week to settle at 120.65 points. Closes the week below 5000 after briefly reclaiming it after almost 5yrs. update - coincidentally today's close (4985) after euphoria 2 is where the market topped out during euphoria 1. Am in the school of thought that the euphoria 2 correction should be shallow and 2013 will be a bull, just like 2012 #MadeMoney2012 #MakingMoney2013
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Coming up, another 4 day trading week with a likely euphoria 3 #MakingMoney2013
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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mwekez@ji wrote:Coming up, another 4 day trading week with a likely euphoria 3 #MakingMoney2013 Amen! @SufficientlyP
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote:mwekez@ji wrote:Coming up, another 4 day trading week with a likely euphoria 3 #MakingMoney2013 Amen!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Interesting, 2009 + 2010 (Bull); 2011 (Bear); 2012 + 2013 (Bull) 
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How to tell NSE has bottomed out
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