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How to tell NSE has bottomed out
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oh dear  And now I panic when buy recos start appearing on lame stream media... Market has run out of legs and wanjikus are being tempted in... Last straws it is!
$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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hisah wrote:Until FTSE KE-15 index reclaims the 180 handle and sustains above this level, I don't see the bulls keeping up for long. I don't care what the mid caps do, without the big caps bulls online, the market will keep leaking downwards... Ascent stalls @175 zone with sell signals popping up. I think that's as high as the bounce scales then down to test 166, before the breakdown towards 162...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Which investor rush and lift of prices? The indices for KE equities are limping in 2014. Good results have failed to excite the market. Similar to 2011.
What happens post book closure and no eurobond float? NSE is facing sell side headwinds and when this coincides with the pending global equity sell side, all I can say is goodluck to those that came late to the party.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/15/2010 Posts: 391 Location: nairobie
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hisah wrote:Which investor rush and lift of prices? The indices for KE equities are limping in 2014. Good results have failed to excite the market. Similar to 2011.
What happens post book closure and no eurobond float? NSE is facing sell side headwinds and when this coincides with the pending global equity sell side, all I can say is goodluck to those that came late to the party. infact some counters drop after declaration only to climb up after book closure wondering if logiic applies here
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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We can then conclusively conclude that the market is defying logic! Don't Work for Money, Let Money Work for You..
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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georgegop wrote:We can then conclusively conclude that the market is defying logic! The saying is "The market can stay irrational longer than one can remain solvent".
But eventually reality checks in and the slide surprisingly prefers taking the lift rather than the stairs that the bull uses to climb! $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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hisah wrote:hisah wrote:Until FTSE KE-15 index reclaims the 180 handle and sustains above this level, I don't see the bulls keeping up for long. I don't care what the mid caps do, without the big caps bulls online, the market will keep leaking downwards... Ascent stalls @175 zone with sell signals popping up. I think that's as high as the bounce scales then down to test 166, before the breakdown towards 162... Ugly reversal candlestick pattern on the 1hr and 4hr timeframes.$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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5000 ni mambo bad! 
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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@Mweke any news on KENGEN rights? The silence is really loud what if they dont do it? "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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:@Mweke any news on KENGEN rights? The silence is really loud what if they dont do it? @murchr, the silence is indeed very loud. aint getting anything from it ... hope they do it for some of us to get a good entry point, and NBK too.
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Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo
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Kengen seems to have hit rock bottom and the only way it can move now is up up... Don't Work for Money, Let Money Work for You..
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I don't think there is any big selloff coming, especially a technical selloff! The only risk to the market now is the Crimea issue... Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:I don't think there is any big selloff coming, especially a technical selloff! The only risk to the market now is the Crimea issue... Eurobond snub is the outlier since results are not providing the bull punch. If undersub then I expect the market to tank. But KES has been resilient than expected considering the EM FX sell side pressure... 2014 is still flat both NSE & FTSE.$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:guru267 wrote:I don't think there is any big selloff coming, especially a technical selloff! The only risk to the market now is the Crimea issue... Eurobond snub is the outlier since results are not providing the bull punch. If undersub then I expect the market to tank. But KES has been resilient than expected considering the EM FX sell side pressure... 2014 is still flat both NSE & FTSE. Noted with concern that the foreigners who drove the market from 3000-5000 have turned into net sellers, though with moderation maybe to check on the outcome of the Euro Bond. If they were to up their selling gear, the tank won't be interesting.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:hisah wrote:guru267 wrote:I don't think there is any big selloff coming, especially a technical selloff! The only risk to the market now is the Crimea issue... Eurobond snub is the outlier since results are not providing the bull punch. If undersub then I expect the market to tank. But KES has been resilient than expected considering the EM FX sell side pressure... 2014 is still flat both NSE & FTSE. Noted with concern that the foreigners who drove the market from 3000-5000 have turned into net sellers, though with moderation maybe to check on the outcome of the Euro Bond. If they were to up their selling gear, the tank won't be interesting. there's something cooking in NSE. I didn't expect TA to be this effective. equity bank doesn't shed 6% just like that! iko kitu hapa. but, can we complain? 2012 rally, 2013 rally. breather/ flat(ish) in 2014. to create a base for the next bull The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Aguytrying wrote:mwekez@ji wrote:hisah wrote:guru267 wrote:I don't think there is any big selloff coming, especially a technical selloff! The only risk to the market now is the Crimea issue... Eurobond snub is the outlier since results are not providing the bull punch. If undersub then I expect the market to tank. But KES has been resilient than expected considering the EM FX sell side pressure... 2014 is still flat both NSE & FTSE. Noted with concern that the foreigners who drove the market from 3000-5000 have turned into net sellers, though with moderation maybe to check on the outcome of the Euro Bond. If they were to up their selling gear, the tank won't be interesting. there's something cooking in NSE. I didn't expect TA to be this effective. equity bank doesn't shed 6% just like that! iko kitu hapa. but, can we complain? 2012 rally, 2013 rally. breather/ flat(ish) in 2014. to create a base for the next bull Equity. Ex-dividend. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VituVingiSana wrote:Aguytrying wrote:mwekez@ji wrote:hisah wrote:guru267 wrote:I don't think there is any big selloff coming, especially a technical selloff! The only risk to the market now is the Crimea issue... Eurobond snub is the outlier since results are not providing the bull punch. If undersub then I expect the market to tank. But KES has been resilient than expected considering the EM FX sell side pressure... 2014 is still flat both NSE & FTSE. Noted with concern that the foreigners who drove the market from 3000-5000 have turned into net sellers, though with moderation maybe to check on the outcome of the Euro Bond. If they were to up their selling gear, the tank won't be interesting. there's something cooking in NSE. I didn't expect TA to be this effective. equity bank doesn't shed 6% just like that! iko kitu hapa. but, can we complain? 2012 rally, 2013 rally. breather/ flat(ish) in 2014. to create a base for the next bull Equity. Ex-dividend. KCB goes exdiv on May 12 2014 which coincidentally is the day when mpesa bank announces its FY results...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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FED FOMC meeting being held on March 18-19th 2014. A further reduction of $ 10 B likely on the QE
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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