Wazua
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NSE BUS LEAVING THE STAGE
Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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jerry wrote:VituVingiSana wrote:the deal wrote:We are in BULL MARKET....you can take that to the astrologists or the bank...in a Bull market all stocks rally...so which ever stock you buy now will rally.... Well, what u said was if it goes through 3,700 then it possibly goes to 4,000... Which means if it goes through 3,700, it may or may not ("possibly") go to 4,000. So what's the difference between that & astrology? Reading the stars or charts is all the same! the charts clearly saw the bottom coming . what did your mganga see ?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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How fast we've gotten to 3,700pts. This was Ally Satchu's year 2012 closing figure. While im happy, so happy at the rally, one has to sit back and ask themselves; where do we go from here? Over to the chartists @Hisah,@Deal and @QW....comments please... @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Sufficiently Philanga....thropic wrote:How fast we've gotten to 3,700pts. This was Ally Satchu's year 2012 closing figure.
While im happy, so happy at the rally, one has to sit back and ask themselves; where do we go from here?
Over to the chartists @Hisah,@Deal and @QW....comments please...
I thought cartoons (aka charts) were no longer appreciated...
On 21/05/2012 the NSE20 closed @3708. Today it has closed @3704. However, I am not excited on a technical analysis basis. The RSI indicator since 24/04/2012 (@3581pts) has not been making new highs as the index went up to 3708 and now trying to retest 3708. This means bulls are running out of strength to push the index further or to new highs.
On elliot wave I had suggest sometime back that 3800 - 4000 is the likely topside then we start the correction. I expect one more exhaustion topside attack to 3800 - 3900 then the correction kicks in.
On fibo basis @3796 NSE20 would have retraced upto the 23.6% level from a low of 3072. 38.2% retracement aims 4432.
Therefore a lot of resistance is coalescing at the 3700 - 3800 zone.
@deal can also confirm what his models show. @mwekezaji too does some tech analysis.
Fundamentally - the econ is still limping. I don't like what I'm seeing with the national current account. Election periods in KE also mean investors hold back a lot of investments. Eurozone is still a nightmare happening silently. The sooner it happens the better for everyone to move on.
Update - forgot to mention that oil announcement and the level of commercial deposits will shutter most of the technicals.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:Sufficiently Philanga....thropic wrote:How fast we've gotten to 3,700pts. This was Ally Satchu's year 2012 closing figure.
While im happy, so happy at the rally, one has to sit back and ask themselves; where do we go from here?
Over to the chartists @Hisah,@Deal and @QW....comments please...
I thought cartoons (aka charts) were no longer appreciated...
On 21/05/2012 the NSE20 closed @3708. Today it has closed @3704. However, I am not excited on a technical analysis basis. The RSI indicator since 24/04/2012 (@3581pts) has not been making new highs as the index went up to 3708 and now trying to retest 3708. This means bulls are running out of strength to push the index further or to new highs.
On elliot wave I had suggest sometime back that 3800 - 4000 is the likely topside then we start the correction. I expect one more exhaustion topside attack to 3800 - 3900 then the correction kicks in.
On fibo basis @3796 NSE20 would have retraced upto the 23.6% level from a low of 3072. 38.2% retracement aims 4432.
Therefore a lot of resistance is coalescing at the 3700 - 3800 zone.
@deal can also confirm what his models show. @mwekezaji too does some tech analysis.
Fundamentally - the econ is still limping. I don't like what I'm seeing with the national current account. Election periods in KE also mean investors hold back a lot of investments. Eurozone is still a nightmare happening silently. The sooner it happens the better for everyone to move on.
Update - forgot to mention that oil announcement and the level of commercial deposits will shutter most of the technicals.
Hey cartoonist.. See you at 4,100 on the NSE 20  Mark 12:29
Deuteronomy 4:16
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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hisah wrote:Sufficiently Philanga....thropic wrote:How fast we've gotten to 3,700pts. This was Ally Satchu's year 2012 closing figure.
While im happy, so happy at the rally, one has to sit back and ask themselves; where do we go from here?
Over to the chartists @Hisah,@Deal and @QW....comments please...
I thought cartoons (aka charts) were no longer appreciated...
On 21/05/2012 the NSE20 closed @3708. Today it has closed @3704. However, I am not excited on a technical analysis basis. The RSI indicator since 24/04/2012 (@3581pts) has not been making new highs as the index went up to 3708 and now trying to retest 3708. This means bulls are running out of strength to push the index further or to new highs.
On elliot wave I had suggest sometime back that 3800 - 4000 is the likely topside then we start the correction. I expect one more exhaustion topside attack to 3800 - 3900 then the correction kicks in.
On fibo basis @3796 NSE20 would have retraced upto the 23.6% level from a low of 3072. 38.2% retracement aims 4432.
Therefore a lot of resistance is coalescing at the 3700 - 3800 zone.
@deal can also confirm what his models show. @mwekezaji too does some tech analysis.
Fundamentally - the econ is still limping. I don't like what I'm seeing with the national current account. Election periods in KE also mean investors hold back a lot of investments. Eurozone is still a nightmare happening silently. The sooner it happens the better for everyone to move on.
Update - forgot to mention that oil announcement and the level of commercial deposits will shutter most of the technicals.
wow. i bet 99.9% of people on this block just passed what you wrote @hisah ! maybe you can draw those elliot waves and fib retracement on the charts.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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hisah wrote:Sufficiently Philanga....thropic wrote:How fast we've gotten to 3,700pts. This was Ally Satchu's year 2012 closing figure.
While im happy, so happy at the rally, one has to sit back and ask themselves; where do we go from here?
Over to the chartists @Hisah,@Deal and @QW....comments please...
I thought cartoons (aka charts) were no longer appreciated...
On 21/05/2012 the NSE20 closed @3708. Today it has closed @3704. However, I am not excited on a technical analysis basis. The RSI indicator since 24/04/2012 (@3581pts) has not been making new highs as the index went up to 3708 and now trying to retest 3708. This means bulls are running out of strength to push the index further or to new highs.
On elliot wave I had suggest sometime back that 3800 - 4000 is the likely topside then we start the correction. I expect one more exhaustion topside attack to 3800 - 3900 then the correction kicks in.
On fibo basis @3796 NSE20 would have retraced upto the 23.6% level from a low of 3072. 38.2% retracement aims 4432.
Therefore a lot of resistance is coalescing at the 3700 - 3800 zone.
@deal can also confirm what his models show. @mwekezaji too does some tech analysis.
Fundamentally - the econ is still limping. I don't like what I'm seeing with the national current account. Election periods in KE also mean investors hold back a lot of investments. Eurozone is still a nightmare happening silently. The sooner it happens the better for everyone to move on.
Update - forgot to mention that oil announcement and the level of commercial deposits will shutter most of the technicals.
#Word! Many thanks @Hisah.  We can only ignore charts at our own peril. I like the update part where you talk of the oil find & commercial deposits which are in more reasons than one fundamental in nature just like the econ & political factors! And yes, i join madam guru in calling for 4,100! See you there! @SufficientlyP
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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can all this heedlessness go unpunished? investors are beginning to feel like this rally will never end. this is when the hammer drops. market pe is ok but macro economic conditions do not support this euphoria 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: 18,351 Location: Nairobi
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I recommend buying KK. Loving it. 100% on fundamentals. 1H 2012 was known for 3 months (READ the Annual Report) but 2H is where the money is to be made. Then the takeover. Then the party! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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NSE BUS LEAVING THE STAGE
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