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How to tell NSE has bottomed out
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever! Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight  Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever! Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here. The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Aguytrying wrote:hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever! Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here. The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes... Without chartists this place would be pandemonium. I appreciate the input. I Wasn't following during GFC. Grabbing my popcorn now The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Let's see how soon the market fails to open as ATS starts having problems coz it fears berserk selling then we start reading pg 1 in this thread $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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hisah wrote:Let's see how soon the market fails to open as ATS starts having problems coz it fears berserk selling then we start reading pg 1 in this thread this is when a weekend is highly welcome "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Aguytrying wrote:hisah wrote:Aguytrying wrote:hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever! Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here. The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes... Without chartists this place would be pandemonium. I appreciate the input. I Wasn't following during GFC. Grabbing my popcorn now In my time in this forum I have never seen you this scared @aguy. Yesterday's losses must have struck a nerve. But I don't think the rate of the current slide is sustainable. Some pullback will be in the offing before long, then we resume the daily losses of 10-30 points till the next shakeout event. Commodities to this day have been in an ever tanking bus since their peak in 2011. Oil didn't join the bandwagon till mid 2014. So for safcom, its time in the cleaners will come. Linear progression is not Mr market's default setting. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,588
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hisah wrote:Aguytrying wrote:hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever! Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here. The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes... @hisah, the ten year chart shows a smooth fall from 4000 to 3309 with no break  . If its the corrective 5 waves down then we are yet at the extremes  .I could be wrong though
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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lochaz-index wrote:Aguytrying wrote:hisah wrote:Aguytrying wrote:hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever! Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here. The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes... Without chartists this place would be pandemonium. I appreciate the input. I Wasn't following during GFC. Grabbing my popcorn now In my time in this forum I have never seen you this scared @aguy. Yesterday's losses must have struck a nerve. But I don't think the rate of the current slide is sustainable. Some pullback will be in the offing before long, then we resume the daily losses of 10-30 points till the next shakeout event. Commodities to this day have been in an ever tanking bus since their peak in 2011. Oil didn't join the bandwagon till mid 2014. So for safcom, its time in the cleaners will come. Linear progression is not Mr market's default setting. I welcome lower prices In banks. The bidless vacuum is what shocked me, never seen it in NSE. Finger on the trigger ready to pounce at opportune time The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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wukan wrote:hisah wrote:Aguytrying wrote:hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever! Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here. The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes... @hisah, the ten year chart shows a smooth fall from 4000 to 3309 with no break . If its the corrective 5 waves down then we are yet at the extremes .I could be wrong though Of course the market can stay irrational longer than expected. But trend shift warnings usually begin when bidless extensions become the order of the day. The longer it takes the sharper the bounce as the gap downs get filled. The whiplash (sharp up & down motions) before the bottom forms is what will flash out the last weak hands. $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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hisah wrote:wukan wrote:hisah wrote:Aguytrying wrote:hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever! Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here. The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes... @hisah, the ten year chart shows a smooth fall from 4000 to 3309 with no break . If its the corrective 5 waves down then we are yet at the extremes .I could be wrong though Of course the market can stay irrational longer than expected. But trend shift warnings usually begin when bidless extensions become the order of the day. The longer it takes the sharper the bounce as the gap downs get filled. The whiplash (sharp up & down motions) before the bottom forms is what will flash out the last weak hands. when the 9% drop reduces to 5% then 3% !! As said,its the reverse of a bull parabolic Look at the banking stocks..some have started showing recovery
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,182 Location: nairobi
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hisah wrote:Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard. and we are now used to walking on blood so we cry for more "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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hisah wrote:Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard. People are too busy buying the top five gainers: Transcentury, a Ugandan power company, Home Afrika, a REIT, and Olympia! 
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Rank: Member Joined: 10/26/2015 Posts: 151
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researchfirst wrote:hisah wrote:Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard. People are too busy buying the top five gainers: Transcentury, a Ugandan power company, Home Afrika, a REIT, and Olympia! Who'd have thunk it? 
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Metasploit wrote:hisah wrote:wukan wrote:hisah wrote:Aguytrying wrote:hisah wrote:And so NSE gets its Brexit moment... This is how GFC days felt like for those that were not in the market then. Utter hopelessness as the market tanked in a bidless sea in what felt like forever! Waiting for the volume language in the next few weeks to show what the market magicians are up to. Sit tight Techies seem the only Sober minds right now. Where does NSE, banking stocks go from here. The bear extension may hit 3000 or lower, but the market is getting too oversold as pessimism strikes feverish levels. The market has been hammered by brexit and now this bill without offering any solid bounce. Just like a never ending bullish party, you know what happens at such extremes. The same applies to the bear party at extremes... @hisah, the ten year chart shows a smooth fall from 4000 to 3309 with no break . If its the corrective 5 waves down then we are yet at the extremes .I could be wrong though Of course the market can stay irrational longer than expected. But trend shift warnings usually begin when bidless extensions become the order of the day. The longer it takes the sharper the bounce as the gap downs get filled. The whiplash (sharp up & down motions) before the bottom forms is what will flash out the last weak hands. when the 9% drop reduces to 5% then 3% !! As said,its the reverse of a bull parabolic Look at the banking stocks..some have started showing recovery Recovery has started.. Simply madness at the NSE
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE20 closes @3,123. 123 point away from 3000 handle. This is an index that posted 5499 last year in Feb! The carnage requires no description. Going forward top 5 global central banks have meetings clustered in September between 8th and 21st; US Fed bank being the last meeting for the month. This is bound to be interesting going into Q4 2016 as the yuan gets included in the SDR basket from Oct 1st. As always stay focussed to see the market magicians moves. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MadDoc wrote:researchfirst wrote:hisah wrote:Top 5 losers on the board have been posting 9% plus for 3 days in a row comprising of banks as the bidless vacuum continues to suck in the structure. The tape is still reeling hard. People are too busy buying the top five gainers: Transcentury, a Ugandan power company, Home Afrika, a REIT, and Olympia! Who'd have thunk it? There's an old adage here that when you see those laggards carrying the day, you know the bear is resting in town. "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: 8/4/2010 Posts: 8,977
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When Economic Doomsayers Stumble: Cautionary Tales From Brexit, Grexit and U.S. Budget BattlesQuote:It’s early, but data so far suggest the British decision to leave the European Union could be another example of a recurring phenomenon: expert predictions of dire consequences to political decisions that end up proving overheated. When the sky didn't fall... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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