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Elliott Wave Analysis Of The NSE 20
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Aguytrying wrote:lochaz-index wrote:Aguytrying wrote:Sufficiently Philanga....thropic wrote:hisah wrote:littledove wrote:mlennyma wrote:Can i expect 200 points slash today? The Nairobi All Share slumped -5.01% to close at 139.14 The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012. I was expecting NSE20 to crash through that floor from the heavy bank stock losses witnessed today. The index now sits right on major support at 3300 handle. Next critical support comes in at 3000, which if broken opens up the GFC low at 2360.
@SPT remember the trouble with the euro chart? NSE20 has followed that chart almost to the T.  That was a Great call Where did the euro chart point to next. How badly will banking stocks be affected by this law, are we talking half of current prices or is this a knee jerk reaction The interest capping law should not worry you. Banks can and do handle reduced profits/shrinking NIM admirably. They will always find ways of making money. Illiquidity however is a different beast all together. The rate cap makes a bad situation worse but it doesn't cause it. Those that were struggling with illiquidity have been fast-tracked towards oblivion. Coming at a time when the herd is already spooked - what with Dubai, Imperial and chase bank belly ups - another bank failure will have disastrous consequences. Gotcha. You techies are among the few not running around like headless chickens I am no techie. In fact I wouldn't know the first rule about charts, nonetheless, after being clobbered senseless by the market one learns a trick or two. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 12/7/2012 Posts: 11,941
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Any let off and signs of rebound on bank stocks next week? 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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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Angelica _ann wrote:Any let off and signs of rebound on bank stocks next week? A rebound is likely Friday next week. All other days a pool of blood coz banking stocks are under a butcher's knife. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 6/17/2009 Posts: 1,627
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NSE 20 closes at 3216,not as steep a loss as yesterday.Even those bank share price losses will slow down next week,i will be closely watching.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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cnn wrote: NSE 20 closes at 3216,not as steep a loss as yesterday.Even those bank share price losses will slow down next week,i will be closely watching. heading to a whooping 2,500 points down something many are seeing for their first time "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Spikes wrote:Angelica _ann wrote:Any let off and signs of rebound on bank stocks next week? A rebound is likely Friday next week. All other days a pool of blood coz banking stocks are under a butcher's knife. for kcb and equity some investors must cancel their sell orders for calm to return otherwise next week will be reeeed,other bank stocks show some calm almost arriving "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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mlennyma wrote:Spikes wrote:Angelica _ann wrote:Any let off and signs of rebound on bank stocks next week? A rebound is likely Friday next week. All other days a pool of blood coz banking stocks are under a butcher's knife. for kcb and equity some investors must cancel their sell orders for calm to return otherwise next week will be reeeed,other bank stocks show some calm almost arriving come slowly brother. some of us are trying to exit. hapa ni kusaidiana KEGN, KPLC, KQ, SCOM
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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cnn wrote: NSE 20 closes at 3216,not as steep a loss as yesterday.Even those bank share price losses will slow down next week,i will be closely watching. any stock in the positive territory at this 3216 points is a Ghost "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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mkate_nusu wrote:mlennyma wrote:Spikes wrote:Angelica _ann wrote:Any let off and signs of rebound on bank stocks next week? A rebound is likely Friday next week. All other days a pool of blood coz banking stocks are under a butcher's knife. for kcb and equity some investors must cancel their sell orders for calm to return otherwise next week will be reeeed,other bank stocks show some calm almost arriving come slowly brother. some of us are trying to exit. hapa ni kusaidiana the room is tear gassed and the opening is very small for massive exit  "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 14,434 Location: nairobi
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mkate_nusu wrote:mlennyma wrote:Spikes wrote:Angelica _ann wrote:Any let off and signs of rebound on bank stocks next week? A rebound is likely Friday next week. All other days a pool of blood coz banking stocks are under a butcher's knife. for kcb and equity some investors must cancel their sell orders for calm to return otherwise next week will be reeeed,other bank stocks show some calm almost arriving come slowly brother. some of us are trying to exit. hapa ni kusaidiana @mkate_nusu lol.. COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Elliott Wave Analysis Of The NSE 20
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