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How to tell NSE has bottomed out

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symbols		#3681 Posted : Thursday, June 27, 2013 9:59:10 PM
Rank: Elder Joined: 3/19/2013 Posts: 2,552		hisah wrote: symbols wrote: Kenyan shares extend bear run, shilling steady I like bear news as the market nose dives. Why?
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mwekez@ji		#3682 Posted : Thursday, June 27, 2013 11:40:45 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		symbols wrote: hisah wrote: symbols wrote: Kenyan shares extend bear run, shilling steady I like bear news as the market nose dives. Why? fear is being spread in the streets ...
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mwekez@ji		#3683 Posted : Thursday, June 27, 2013 11:43:24 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		... the market is getting conspicuously oversold
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symbols		#3684 Posted : Friday, June 28, 2013 12:00:38 AM
Rank: Elder Joined: 3/19/2013 Posts: 2,552		mwekez@ji wrote: ... the market is getting conspicuously oversold The most important thing dominating the financial world is what @guru said.There is nowhere to run.
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symbols		#3685 Posted : Friday, June 28, 2013 3:22:52 AM
Rank: Elder Joined: 3/19/2013 Posts: 2,552		symbols wrote: Kenyan shares extend bear run, shilling steady Shilling comes under pressure as interest rates fall Mixed signals.News amazes me at times.
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hisah		#3686 Posted : Friday, June 28, 2013 6:18:12 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		symbols wrote: hisah wrote: symbols wrote: Kenyan shares extend bear run, shilling steady I like bear news as the market nose dives. Why? Emotion runs the market. The more extreme it gets the sooner the market trends turns against the crowd. The headlines were too bullish. Now they start getting bearish. Soon we'll get to the bear extreme headlines. That's how it works. Oh, I'm also liking the numerous real estate threads popping up. Stocks going out of fashion. You shop for discounts when the crowd goes to sleep. When they return, you offload. That's if you prefer trading. Btw EA fundies look solid. Capital inflows will continue. The next rally above 5030 will be interesting once the weak hands have been shaken out. I expect euphoria to return on that breakout. I will be surprised if NSE doesn't breakdown or at least test 6161 all time high by next year assuming the investment climate remains sunny. The oil put hasn't been played yet. The joker card is still under wraps... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#3687 Posted : Friday, June 28, 2013 6:33:18 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		mwekez@ji wrote: ... the market is getting conspicuously oversold Yep. It has tested 4580 objective as per yesterday's close of 4584. A bounce is in order. 4700 - 4800 levels are now support turned resistance. 4800 will likely cap that bounce since those who joined late will take the bounce as a chance to offload the losses they're stuck with at the moment. So seller will outweigh buyers except where the stock has fair value. HFCK has been resilient. Strange to see centum also holding on... For 2013 line in the sand is 4133, if broken down on the slide will erase all the year's rally. That will see aggressive selling. This will be extreme fear... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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guru267		#3688 Posted : Friday, June 28, 2013 6:35:12 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		Global markets started recovering two days ago... Given the time I expect the NSE shake down to end! IN FACT I DARE THE NSE 20 TO CLOSE DOWN TODAY!! Mark 12:29 Deuteronomy 4:16
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murchr		#3689 Posted : Friday, June 28, 2013 6:39:25 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		hisah wrote: symbols wrote: hisah wrote: symbols wrote: Kenyan shares extend bear run, shilling steady I like bear news as the market nose dives. Why? Emotion runs the market. The more extreme it gets the sooner the market trends turns against the crowd. The headlines were too bullish. Now they start getting bearish. Soon we'll get to the bear extreme headlines. That's how it works. Oh, I'm also liking the numerous real estate threads popping up. Stocks going out of fashion. You shop for discounts when the crowd goes to sleep. When they return, you offload. That's if you prefer trading. Btw EA fundies look solid. Capital inflows will continue. The next rally above 5030 will be interesting once the weak hands have been shaken out. I expect euphoria to return on that breakout. I will be surprised if NSE doesn't breakdown or at least test 6161 all time high by next year assuming the investment climate remains sunny. The oil put hasn't been played yet. The joker card is still under wraps... Shhhh!!!Usiongee sana,....i'm still picking some b4 they announce Ngamia (or Nagamia) as they call it haha!! The news will drive some vultures in this market. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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hisah		#3690 Posted : Friday, June 28, 2013 6:42:33 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		guru267 wrote: Global markets started recovering two days ago... Given the time I expect the NSE shake down to end! IN FACT I DARE THE NSE 20 TO CLOSE DOWN TODAY!! June ends with an ugly reversal. July will bounce some and most likely close lower than June. The rally coming in July is just a relief bounce as per the cartoons. Bado discounts are coming. Continue window shopping for great deals on sale... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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