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How to tell NSE has bottomed out
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kaifastus
#3121 Posted : Tuesday, April 23, 2013 11:36:57 AM
Rank: Member


Joined: 8/17/2011
Posts: 207
Location: humu humu
I have been waiting earnestly to see what will happen when nse drop breach Hisas now famous 4860....
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hisah
#3122 Posted : Tuesday, April 23, 2013 1:20:20 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
kaifastus wrote:
I have been waiting earnestly to see what will happen when nse drop breach Hisas now famous 4860....

If monthly close on April 30 2013 is lower than 4860, the current uptrend from Nov 2012 will have triggered a reversal. NSE20 has been printing monthly higher highs since Nov 2012 and if April closes below 4860 that uptrend will be broken meaning selling pressure is taking over. I don't mind the correction as long as it does not break below 4400. Near term support levels are 4600, 4545 (SMA 50) and 4400.

Illustration with RSI divergence



5yr Illustration with simple moving averages (SMA) - 20 day, 50 day and 200 day. Bullish cross noted in 2013 as 50 day cross over 200 day.


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat
#3123 Posted : Tuesday, April 23, 2013 2:00:54 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
A strong treasury/finance secretary and a generally good cabinet will give the NSE some very short-term upside
Sehemu ndio nyumba
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Angelica _ann
#3124 Posted : Tuesday, April 23, 2013 2:27:58 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Mainat wrote:
A strong treasury/finance secretary and a generally good cabinet will give the NSE some very short-term upside


plus wrangle free vetting process.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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symbols
#3125 Posted : Tuesday, April 23, 2013 3:20:02 PM
Rank: Elder


Joined: 3/19/2013
Posts: 2,552
hisah wrote:
kaifastus wrote:
I have been waiting earnestly to see what will happen when nse drop breach Hisas now famous 4860....

If monthly close on April 30 2013 is lower than 4860, the current uptrend from Nov 2012 will have triggered a reversal. NSE20 has been printing monthly higher highs since Nov 2012 and if April closes below 4860 that uptrend will be broken meaning selling pressure is taking over. I don't mind the correction as long as it does not break below 4400. Near term support levels are 4600, 4545 (SMA 50) and 4400.

Illustration with RSI divergence



5yr Illustration with simple moving averages (SMA) - 20 day, 50 day and 200 day. Bullish cross noted in 2013 as 50 day cross over 200 day.




Past 2013 that pattern looks discouraging.
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Cde Monomotapa
#3126 Posted : Tuesday, April 23, 2013 3:34:25 PM
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Joined: 1/13/2011
Posts: 5,964
smile
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hisah
#3127 Posted : Tuesday, April 23, 2013 4:26:46 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
FTSE NSE indices continue posting lower lows. NSE20 will likely close below 4800 today.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#3128 Posted : Tuesday, April 23, 2013 4:35:29 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
NSE wrote:
Turnover rose to Kes.289M from the previous session’s Kes.203M, the number of shares traded stood at 21M against 22M posted yesterday.

The NSE 20 Share Index was down 0.31% to stand at 4824.44 points.

All Share Index (NASI) shed 0.28 points to stand at 117.98.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#3129 Posted : Tuesday, April 23, 2013 4:37:58 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hisah wrote:
FTSE NSE indices continue posting lower lows. NSE20 will likely close below 4800 today.


@hisah, whats the link for monitoring the FTSE NSE
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hisah
#3130 Posted : Tuesday, April 23, 2013 5:02:53 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
hisah wrote:
FTSE NSE indices continue posting lower lows. NSE20 will likely close below 4800 today.


@hisah, whats the link for monitoring the FTSE NSE

http://goo.gl/2eNSl

Very basic though since it only shows a 5 day history. FTSE doesn't say how you can get full index data.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#3131 Posted : Tuesday, April 23, 2013 5:21:52 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hisah wrote:
mwekez@ji wrote:
hisah wrote:
FTSE NSE indices continue posting lower lows. NSE20 will likely close below 4800 today.


@hisah, whats the link for monitoring the FTSE NSE

http://goo.gl/2eNSl

Very basic though since it only shows a 5 day history. FTSE doesn't say how you can get full index data.


muchas gracias sennor hisah. >>> FTSE NSE Kenya 15 Index; INDEXFTSE:FNKEN1 and FTSE NSE Kenya 25 Index; INDEXFTSE:FNKEN2
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youcan'tstopusnow
#3132 Posted : Tuesday, April 23, 2013 5:56:45 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
National Treasury Cabinet Secretary Henry K. Rotich

March 2006 - Present
Deputy Director, Economic Affairs
Ministry of Finance of
Kenya

September 1994 - February 2006
Assistant Director
Central Bank of Kenya

December 2001-August 2004
Economist
IMF Resident Mission in
Nairobi, Kenya

2009-2010
Harvard University
Kennedy School of
Government

1991-1993
University of Nairobi
Masters of Arts,
Economics

1989-1991
University of Nairobi
BA, Economics (First Class Hons)

GOD BLESS YOUR LIFE
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VituVingiSana
#3133 Posted : Tuesday, April 23, 2013 6:28:10 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
youcan'tstopusnow wrote:
National Treasury Cabinet Secretary Henry K. Rotich

March 2006 - Present
Deputy Director, Economic Affairs
Ministry of Finance of
Kenya

September 1994 - February 2006
Assistant Director
Central Bank of Kenya

December 2001-August 2004
Economist
IMF Resident Mission in
Nairobi, Kenya

2009-2010
Harvard University
Kennedy School of
Government

1991-1993
University of Nairobi
Masters of Arts,
Economics

1989-1991
University of Nairobi
BA, Economics (First Class Hons)

I approve this nomination.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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King G
#3134 Posted : Tuesday, April 23, 2013 6:45:55 PM
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Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Great, the dynamic duo have hit the ground with synergy! Keep it going.
Thieves
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Mainat
#3135 Posted : Tuesday, April 23, 2013 6:46:35 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
James I assume was given Health because a kiuk wasn't going to be given Treasury. He is sharp so will hopefully cope with Health.
Amina is excellent for foreign affairs.

Rotich is relatively junior within the current ministry of finance. CV looks okay. Would still have MOO anyday.
Matiangi has zero background in ICT (its a key part of the dynamic duo's agenda)-strange.
Biggest disappointment is you have 4 weeks to name 18 Kenyans so you can start working and it seems to be pretty difficult thing to do.
Perhaps no upside after all... But we Kenyans love style (populism)
Sehemu ndio nyumba
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symbols
#3136 Posted : Tuesday, April 23, 2013 7:35:19 PM
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Joined: 3/19/2013
Posts: 2,552
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youcan'tstopusnow
#3137 Posted : Tuesday, April 23, 2013 7:59:16 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Turnover rose to Kes.289M from the previous session’s Kes.203M, the number of shares traded stood at 21M against 22M posted yesterday.
The NSE 20 Share Index was down 0.31% to stand at 4824.44 points.
All Share Index (NASI) shed 0.28 points to stand at 117.98.

Eric Nyamu wrote:
Reporting season is here and stocks are selling off ? Not making sense.they should be
holding their gains Or coz its about the cabinet stalemate ?


#BringQWbacksmile
GOD BLESS YOUR LIFE
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jerry
#3138 Posted : Tuesday, April 23, 2013 9:57:54 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Mainat wrote:
James I assume was given Health because a kiuk wasn't going to be given Treasury. He is sharp so will hopefully cope with Health.
Amina is excellent for foreign affairs.

Rotich is relatively junior within the current ministry of finance. CV looks okay. Would still have MOO anyday.
Matiangi has zero background in ICT (its a key part of the dynamic duo's agenda)-strange.
Biggest disappointment is you have 4 weeks to name 18 Kenyans so you can start working and it seems to be pretty difficult thing to do.
Perhaps no upside after all... But we Kenyans love style (populism)

If in doubt ;not fit but let's give them a chance. The rest should be named together and not piecemeal. IMHO Rotich should switch places with J.K.
The opposite of courage is not cowardice, it's conformity.
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Metasploit
#3139 Posted : Wednesday, April 24, 2013 10:59:20 AM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Demand is backsmile smile smile

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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mwekez@ji
#3140 Posted : Wednesday, April 24, 2013 11:20:22 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
"FOREIGN INVESTORS HOLDINGS 75% CAP BREACH — Please note Companies stipulated below have already breached the 75% foreign holdings cap: * Total Kenya * BAT * CFC Stanbic Holdings Ltd " Message from my data vendor today. ... I think i will delete this Tk and CFC from my speculation basket Think ... BAT, i never follow
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