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How to tell NSE has bottomed out
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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NSE wrote:Turnover rose to Kes.495M from the previous session’s Kes.309M, the number of shares traded stood at 19M against 32M posted yesterday.
The NSE 20 Share Index was down 1.27% to stand at 4701.22 points.
All Share Index (NASI) shed 0.85 points to stand at 118.78. @hisah Can the 4,700 support save the market from this slaughter?? Or are we looking at 4,500?? Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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symbols wrote:NSE wrote:Turnover rose to Kes.495M from the previous session’s Kes.309M, the number of shares traded stood at 19M against 32M posted yesterday.
The NSE 20 Share Index was down 1.27% to stand at 4701.22 points.
All Share Index (NASI) shed 0.85 points to stand at 118.78. Breaking below the Mar 21 2013 low @4708.56 since the euphoria started on Feb 25 2013 from 4463.65
Yep, that gap will get filled...
@guru - Don't see 4700 stalling things, the correction has further to go. Btw if the index dips this low, you may get HFCK below 23.
Btw anyone saw that KQ had a low print of 9.80 today?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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hisah wrote:symbols wrote:NSE wrote:Turnover rose to Kes.495M from the previous session’s Kes.309M, the number of shares traded stood at 19M against 32M posted yesterday.
The NSE 20 Share Index was down 1.27% to stand at 4701.22 points.
All Share Index (NASI) shed 0.85 points to stand at 118.78. Breaking below the Mar 21 2013 low @4708.56 since the euphoria started on Feb 25 2013 from 4463.65
Yep, that gap will get filled...
@guru - Don't see 4700 stalling things, the correction has further to go. Btw if the index dips this low, you may get HFCK below 23.
Btw anyone saw that KQ had a low print of 9.80 today?
Watching that action on KQ,KK and NBK.At least KK is moving I'm wondering what's keeping NBK afloat.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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people almost sound sad the index is sliding and good value coming to counters. what's not exciting about getting great companies at fair prices again? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Aguytrying wrote:people almost sound sad the index is sliding and good value coming to counters. what's not exciting about getting great companies at fair prices again? The sad people are those who expected the market to go even higher...and dint sell...those who sold are way happy cant wait to take position. possunt quia posse videntur
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:people almost sound sad the index is sliding and good value coming to counters. what's not exciting about getting great companies at fair prices again? Those who are sad are short term traders who bought expensive stocks at the top of the bull! These guys are getting crushed...  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The NSE20 Index has failed to stay above the 5,000 mark thrice this year and every failure has been accompanied by a correction...but the current one is steep...due to the CGT...the market is factoring in this CGT bombshell but @ 4700...if you have cash start getting in.
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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 Thieves
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Member Joined: 9/12/2009 Posts: 312
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guru267 wrote:NSE wrote:Turnover rose to Kes.495M from the previous session’s Kes.309M, the number of shares traded stood at 19M against 32M posted yesterday.
The NSE 20 Share Index was down 1.27% to stand at 4701.22 points.
All Share Index (NASI) shed 0.85 points to stand at 118.78. @hisah Can the 4,700 support save the market from this slaughter?? Or are we looking at 4,500?? madam Guru, Experience is the best teacher- Now I know exactly what you meant when you told me Pan Africa follows the Index. Now what? Do I get out and await for it at the bottom, or will there be reversal soon? 
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Rank: Member Joined: 1/25/2010 Posts: 344
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hisah wrote:symbols wrote:hisah wrote:symbols wrote:hisah wrote:symbols wrote:I'm waiting for Scom volumes to pick up momentum A huge sell volume has put a cap at 6.35. That's the ceiling for today unless the bids wipe it out. Price surpression Let it go that way.If it hits 9% or 10% I will be in shock. Yep, sanity enforced back on this counter by foreigners. Turnover is an eye popping 329M.
If this madness goes on for a while,post 7 is quite possible. Gaps get filled. We have a big gap on FTSE NSE and MSCI KE. They'll get filled before the main rally backed by volume ensues. I expect the same script like the week of Mar 11. By Friday the excitement will be dead... @hisah kcb n member bank seem to have stabilzed,has the gap finally bn filled?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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guru267 wrote:Aguytrying wrote:people almost sound sad the index is sliding and good value coming to counters. what's not exciting about getting great companies at fair prices again? Those who are sad are short term traders who bought expensive stocks at the top of the bull! These guys are getting crushed... gosh balls are getting squeezed... possunt quia posse videntur
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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theking wrote:hisah wrote:symbols wrote:hisah wrote:symbols wrote:hisah wrote:symbols wrote:I'm waiting for Scom volumes to pick up momentum A huge sell volume has put a cap at 6.35. That's the ceiling for today unless the bids wipe it out. Price surpression Let it go that way.If it hits 9% or 10% I will be in shock. Yep, sanity enforced back on this counter by foreigners. Turnover is an eye popping 329M.
If this madness goes on for a while,post 7 is quite possible. Gaps get filled. We have a big gap on FTSE NSE and MSCI KE. They'll get filled before the main rally backed by volume ensues. I expect the same script like the week of Mar 11. By Friday the excitement will be dead... @hisah kcb n member bank seem to have stabilzed,has the gap finally bn filled? The gap refers to the index - NSE20. Not yet filled between 4600 and 4700. This was the 1st gap immediately after peaceful elections. The sooner it's closed the better for the next upleg as support builds up. The 2nd gap was between 4860 and 5030, which has already been filled and has been the range for a while until the current correction.
Today I expect a bounce as the RSI is oversold on the index and a number of counters. But I still expect 4700 to break after the bounce is done.
$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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the deal wrote:The NSE20 Index has failed to stay above the 5,000 mark thrice this year and every failure has been accompanied by a correction...but the current one is steep...due to the CGT...the market is factoring in this CGT bombshell but @ 4700...if you have cash start getting in. Actually 4 times. At the beginning of this month it was embarking on the 5th attempt thus my warning that if we fail on the huge late May volume, that break will force the index down for a while. And yes, the CGT has added more fuel into the selling.
If the index can test 4600 and below, the discounts will be kool... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Things as they stand...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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By look at things its about at bottom now.
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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Yes,a strong come back supported by good volume has been spotted. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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mlennyma wrote:Yes,a strong come back supported by good volume has been spotted. Those 9%s.Patiently waiting for Monday morning.I'm more than eager to get back in if the opportunity presents itself.
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