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directional forecast
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hisah
#1661 Posted : Monday, September 04, 2017 9:54:25 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Impunity wrote:
hisah wrote:
hisah wrote:
hisah wrote:
hisah wrote:
NSE20 has flown past 3850 and smashed past 4000 handle to close at 4076. That's a 46.14% bounce from 2789 low! Are bulls getting ahead of themselves before year end Think

Testing 4000 handle is encouraging as it means the bears are heading out of town, but the current rush in prices doesn't offer a nice hunting ground for now. Sidelined. A reload window will present itself later.

4076 has not been exceeded since post election relief rally as the month comes to a close. Several counters (many banks including mpesa bank) have gap up holes in their weekly chart that was caused by the euphoria rally this month. Always remember that gaps get filled. Exercise caution in this market. Better reloading opportunities will come. Still sidelined until these conditions reset.

September starts with a bang! Gaps getting filled. I'll state it again exercise caution in this market! When you live in these markets long enough you start seeing its heartbeat.

In two trading days NSE20 has plunged 5.48% and in the process lost 4000 handle as well as the breakout support at 3850 handle as it closes for the day at 3806. Next support cluster comes in at 3450 - 3600. 3797 was the July close while June closed at 3607. The July and August gains are indeed at risk of being wiped out! Strong shakeout.


What was the lowest handle during the 2008 PEV n the world financial crisis?

2360
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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obiero
#1662 Posted : Tuesday, September 05, 2017 7:41:08 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,220
Location: nairobi
hisah wrote:
Impunity wrote:
hisah wrote:
hisah wrote:
hisah wrote:
hisah wrote:
NSE20 has flown past 3850 and smashed past 4000 handle to close at 4076. That's a 46.14% bounce from 2789 low! Are bulls getting ahead of themselves before year end Think

Testing 4000 handle is encouraging as it means the bears are heading out of town, but the current rush in prices doesn't offer a nice hunting ground for now. Sidelined. A reload window will present itself later.

4076 has not been exceeded since post election relief rally as the month comes to a close. Several counters (many banks including mpesa bank) have gap up holes in their weekly chart that was caused by the euphoria rally this month. Always remember that gaps get filled. Exercise caution in this market. Better reloading opportunities will come. Still sidelined until these conditions reset.

September starts with a bang! Gaps getting filled. I'll state it again exercise caution in this market! When you live in these markets long enough you start seeing its heartbeat.

In two trading days NSE20 has plunged 5.48% and in the process lost 4000 handle as well as the breakout support at 3850 handle as it closes for the day at 3806. Next support cluster comes in at 3450 - 3600. 3797 was the July close while June closed at 3607. The July and August gains are indeed at risk of being wiped out! Strong shakeout.


What was the lowest handle during the 2008 PEV n the world financial crisis?

2360

We may not get that low, but close to 3,450 as pointed out by @hisah.. Kwisha sisi http://www.businessdaily...82964-yli0gxz/index.html

KQ ABP 4.26
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  | | Edit by user: Tuesday, September 05, 2017 10:38 AM | Reason: Not specified
lochaz-index
#1663 Posted : Tuesday, September 05, 2017 11:00:26 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
hisah wrote:
hisah wrote:
hisah wrote:
hisah wrote:
NSE20 has flown past 3850 and smashed past 4000 handle to close at 4076. That's a 46.14% bounce from 2789 low! Are bulls getting ahead of themselves before year end Think

Testing 4000 handle is encouraging as it means the bears are heading out of town, but the current rush in prices doesn't offer a nice hunting ground for now. Sidelined. A reload window will present itself later.

4076 has not been exceeded since post election relief rally as the month comes to a close. Several counters (many banks including mpesa bank) have gap up holes in their weekly chart that was caused by the euphoria rally this month. Always remember that gaps get filled. Exercise caution in this market. Better reloading opportunities will come. Still sidelined until these conditions reset.

September starts with a bang! Gaps getting filled. I'll state it again exercise caution in this market! When you live in these markets long enough you start seeing its heartbeat.

In two trading days NSE20 has plunged 5.48% and in the process lost 4000 handle as well as the breakout support at 3850 handle as it closes for the day at 3806. Next support cluster comes in at 3450 - 3600. 3797 was the July close while June closed at 3607. The July and August gains are indeed at risk of being wiped out! Strong shakeout.

I think 2017 will close with a flattish hint, that is, a marginal gain/loss from where the year opened then 2018 sets up the real trend which still favors the bears more than it does the bulls.

The breakdown of correlation between fundies and the market rally suggested that the roughly six month bull was a counter trend. Unless that changes I maintain a bearish stance.
The main purpose of the stock market is to make fools of as many people as possible.
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hisah
#1664 Posted : Monday, September 11, 2017 3:47:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The daily and weekly FTSE NSE KE15 and KE25 index charts are bearish. The heavyweight counters on NSE15 being more bearish! The bounce is almost done. Down move coming soon. Mpesa bank goes ex-div this Friday as well as most blue chips that declared interim dividends close those books this month.

I'm still sidelined until October 23rd when the election clouds will be easier to read.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, September 11, 2017 3:49 PM | Reason: Not specified
muandiwambeu
#1665 Posted : Wednesday, September 20, 2017 8:09:15 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
@karasinga, I hope you did not run away together with our foreign investors. Am wishing you well too.
On the other hand, what do charts say about kq. It looks peculiar from where I stand. Good day as you ponder over your opinion.
,Behold, a sower went forth to sow;....
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  | | Edit by user: Wednesday, September 20, 2017 8:11 AM | Reason: Not specified
bartum
#1666 Posted : Thursday, September 21, 2017 1:11:56 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Kengen nearly breaking support of 9, will definitely head 8.5
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karasinga
#1667 Posted : Thursday, September 21, 2017 8:29:46 PM
Rank: Veteran

Joined: 2/26/2015
Posts: 1,147
muandiwambeu wrote:
@karasinga, what do charts say about kq. It looks peculiar from where I stand. Good day as you ponder over your opinion.

You are right, it looks peculiar as evidenced by actions of MMs(colored candles in the purple rectangle).They are busy doing what they know best and will continue doing it until they have their ware houses full even if it calls for either a prolonged consolidation or another leg south. As stated here, the region between 3.9 and 3.4 would bring in demand for this stock.(see what happened on 3rd August 2017)

This notwithstanding, It all depends entirely on your level of risk appetite; you may join them during the current consolidation phase (of course with a stop loss) or wait until THE trend is clear. Currently, Harmonic patterns don't support bullish sentiments at all but anything can happen.
free advice, from the little experience I have gained so far, "Patience is a virtue". Disclaimer… Best wishes
It's not over until I win
skype id: karasinga. email: kkarasinga@gmail.com
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  | | Edit by user: Thursday, September 21, 2017 8:44 PM | Reason: Not specified
piedpiper
#1668 Posted : Thursday, September 21, 2017 10:25:36 PM
Rank: New-farer

Joined: 8/21/2017
Posts: 54
@karasinga, please post the charts for Kengen and KPLC when you have a moment. Asante
Life is a beach and I'm just playing in the sand
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Spikes
#1669 Posted : Friday, September 22, 2017 6:00:37 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
karasinga wrote:
muandiwambeu wrote:
@karasinga, what do charts say about kq. It looks peculiar from where I stand. Good day as you ponder over your opinion.

You are right, it looks peculiar as evidenced by actions of MMs(colored candles in the purple rectangle).They are busy doing what they know best and will continue doing it until they have their ware houses full even if it calls for either a prolonged consolidation or another leg south. As stated here, the region between 3.9 and 3.4 would bring in demand for this stock.(see what happened on 3rd August 2017)

This notwithstanding, It all depends entirely on your level of risk appetite; you may join them during the current consolidation phase (of course with a stop loss) or wait until THE trend is clear. Currently, Harmonic patterns don't support bullish sentiments at all but anything can happen.
free advice, from the little experience I have gained so far, "Patience is a virtue". Disclaimer… Best wishes


Welcome back bro @Karasinga....
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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bartum
#1670 Posted : Friday, September 22, 2017 10:14:16 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
piedpiper wrote:
@karasinga, please post the charts for Kengen and KPLC when you have a moment. Asante

Karasinga welcome, missed your tips here, how is kengen, where is it headed
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