The gap filling between 4600 & 4700 is almost complete. If the index can dip towards 4580 even better for support to kick in on the discounts.
Coop flushed down to 14.50. Was very tempted to pick some yesterday but that would be too many banks in my portfolio.
CFCI nosedive was expected. l warned about it back in April. It vaulted too fast from 7 to 11 and I jumped out at 11.40 but it kept stretching to crazy highs towards 14. Getting in above 10 the party was too high...
Some wondered why I sold out. Hope they have learned never to get roped in by euphoria. During euphoria sell the mad rallies or lighten your holdings. Always watch those gap ups when mad rallies check in. Gaps are bad for bull rally support.
On the flip side gap downs are targets for rebounds in strong bear markets until the bear market trend completes.
As for kk & kq the bulls vs bear fight continues. Bears favoured for now.
Kenya RE is now forcing me to be torn between britam and it... Dilemma.
@aguy - time for cash pile to come in.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!