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directional forecast
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karasinga
#251 Posted : Monday, September 26, 2016 2:35:31 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
snipermnoma wrote:
karasinga wrote:
snipermnoma wrote:
Silenced Crickets here

not really silenced. have been busy with what brings food on the table and doing a little study. hope you are well.


I am well. Thanks. Been studying too, sharpening my counting skills. Wave counting is not easy, just when I think I got it...I realize I missed something. By the way what software do you use?

EW is an interesting type of technical analysis every trader should be aware of but does not work in isolation. keep up the spirit and practice. it wont be long before you analyse it like mnadii. below is an snapshot from one of my favorite Elliot wave book.
could be you can have a look at
1. mastering Elliott wave principle by constance brown
2. visual guideline to Elliott wave trading by Wayne Gormana & Jeffrey Kennedy
these two were helpful. I hope they will be to you.
I am using metastock pro XIII
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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karasinga
#252 Posted : Monday, September 26, 2016 5:15:21 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
karasinga wrote:
BAMB


UPDATE

It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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karasinga
#253 Posted : Monday, September 26, 2016 5:21:30 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
karasinga wrote:
karasinga wrote:
SASN

a nice strong rejection at the PRZ.Applause

UPDATE

It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Monday, September 26, 2016 5:24 PM | Reason: Not specified
sparkly
#254 Posted : Monday, September 26, 2016 8:59:34 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
karasinga wrote:
snipermnoma wrote:
karasinga wrote:
snipermnoma wrote:
Silenced Crickets here

not really silenced. have been busy with what brings food on the table and doing a little study. hope you are well.


I am well. Thanks. Been studying too, sharpening my counting skills. Wave counting is not easy, just when I think I got it...I realize I missed something. By the way what software do you use?

EW is an interesting type of technical analysis every trader should be aware of but does not work in isolation. keep up the spirit and practice. it wont be long before you analyse it like mnadii. below is an snapshot from one of my favorite Elliot wave book.
could be you can have a look at
1. mastering Elliott wave principle by constance brown
2. visual guideline to Elliott wave trading by Wayne Gormana & Jeffrey Kennedy
these two were helpful. I hope they will be to you.
I am using metastock pro XIII


Watu wa maCFA
Life is short. Live passionately.
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snipermnoma
#255 Posted : Monday, September 26, 2016 9:03:42 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
karasinga wrote:
karasinga wrote:
mufasa wrote:
karasinga wrote:

hope this helps.



Am I correct to assume that wave three is not always the longest and the bear that follows wave five will settle around the region of wave four lows and not anywhere lower.

Looking at the chart, point B of 2012 is actually the lowest point of wave 4 that began in 2009 and as such we are now experiencing the last of wave 5.

@mufasa, "Am I correct to assume that wave three is not always the longest and the bear that follows wave five will settle around the region of wave four lows and not anywhere lower."
that is correct
"Looking at the chart, point B of 2012 is actually the lowest point of wave 4 that began in 2009 and as such we are now experiencing the last of wave 5."
in my humble opinion, the high of 2007(point A in blue) marked the last bull impulse wave and probably wave 5. This means since the the market has been correcting. If that is the case, the low of late 2002 formed wave 4. So if "bear that follows wave five will settle around the region of wave four lows and not anywhere lower", then bear might continue lower to sub 2000 points although there are 2 structures/obstacles on the way that might hold a little or act as support. there is nothing certain with financial markets. but at least we have an expectation

i have never thought this is feasible but look.

bullish divergence with RSI

opinions and criticism highly welcomed


Any update on this one? Safaricom is still on an impulse up and a few stocks are joining it so I wonder how long it will take before this one plays out to the expected low.
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karasinga
#256 Posted : Monday, September 26, 2016 11:12:29 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
EABL
i hope this is not a forced pattern
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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karasinga
#257 Posted : Monday, September 26, 2016 11:35:58 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
SCBK

opinions and criticism highly welcomed
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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karasinga
#258 Posted : Monday, September 26, 2016 11:49:12 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
snipermnoma wrote:
karasinga wrote:
karasinga wrote:
mufasa wrote:
karasinga wrote:

hope this helps.



Am I correct to assume that wave three is not always the longest and the bear that follows wave five will settle around the region of wave four lows and not anywhere lower.

Looking at the chart, point B of 2012 is actually the lowest point of wave 4 that began in 2009 and as such we are now experiencing the last of wave 5.

@mufasa, "Am I correct to assume that wave three is not always the longest and the bear that follows wave five will settle around the region of wave four lows and not anywhere lower."
that is correct
"Looking at the chart, point B of 2012 is actually the lowest point of wave 4 that began in 2009 and as such we are now experiencing the last of wave 5."
in my humble opinion, the high of 2007(point A in blue) marked the last bull impulse wave and probably wave 5. This means since the the market has been correcting. If that is the case, the low of late 2002 formed wave 4. So if "bear that follows wave five will settle around the region of wave four lows and not anywhere lower", then bear might continue lower to sub 2000 points although there are 2 structures/obstacles on the way that might hold a little or act as support. there is nothing certain with financial markets. but at least we have an expectation

i have never thought this is feasible but look.

bullish divergence with RSI

opinions and criticism highly welcomed


Any update on this one? Safaricom is still on an impulse up and a few stocks are joining it so I wonder how long it will take before this one plays out to the expected low.

hope this helps

It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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snipermnoma
#259 Posted : Tuesday, September 27, 2016 9:51:20 AM
Rank: Member

Joined: 1/3/2014
Posts: 257
karasinga wrote:
snipermnoma wrote:
karasinga wrote:
karasinga wrote:
mufasa wrote:
karasinga wrote:

hope this helps.



Am I correct to assume that wave three is not always the longest and the bear that follows wave five will settle around the region of wave four lows and not anywhere lower.

Looking at the chart, point B of 2012 is actually the lowest point of wave 4 that began in 2009 and as such we are now experiencing the last of wave 5.

@mufasa, "Am I correct to assume that wave three is not always the longest and the bear that follows wave five will settle around the region of wave four lows and not anywhere lower."
that is correct
"Looking at the chart, point B of 2012 is actually the lowest point of wave 4 that began in 2009 and as such we are now experiencing the last of wave 5."
in my humble opinion, the high of 2007(point A in blue) marked the last bull impulse wave and probably wave 5. This means since the the market has been correcting. If that is the case, the low of late 2002 formed wave 4. So if "bear that follows wave five will settle around the region of wave four lows and not anywhere lower", then bear might continue lower to sub 2000 points although there are 2 structures/obstacles on the way that might hold a little or act as support. there is nothing certain with financial markets. but at least we have an expectation

i have never thought this is feasible but look.

bullish divergence with RSI

opinions and criticism highly welcomed


Any update on this one? Safaricom is still on an impulse up and a few stocks are joining it so I wonder how long it will take before this one plays out to the expected low.

hope this helps



That first structure was rocked by the rate cap but it is still holding on by a thread. The next structure had better provide support. What I like is that EW provide an expectation, a pointer of this to come. Put that together with some fundamentals and you have better than average chance of making a return on investment.
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karasinga
#260 Posted : Thursday, September 29, 2016 12:45:24 AM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
karasinga wrote:
TCL
thinking roundly.

baby steps...
DISCLAIMER
This analysis is designed to inform you on the counter direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis

watching price action in particular 6.36.....
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Thursday, September 29, 2016 12:48 AM | Reason: Not specified
196 Pages«<2425262728>»
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