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The stock market has Bottomed
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Eric_Nyamu
#181 Posted : Thursday, November 24, 2011 1:14:17 PM
Rank: New-farer

Joined: 10/6/2011
Posts: 84
well things arent really looking out for the nse ...the lower trendline broke and we are set to test one year low at 3270...i know that will be shattered to pieces though not a really strong support .its worth a look..our eyes should now be set on 3k support mark..if bargain hunters donot support the sliding index we are headed down down down down ...Here's the chart and a directional bias it points to.....NOTE: the down arrow....
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the deal
#182 Posted : Thursday, November 24, 2011 1:18:09 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
QW25081985 wrote:
Yes there i have said it the stock market has bottomed and all the easy bargain that we saw for last couple of months are slowly vanishing.
In the recent past we have seen allot of entry volume on blue chips and this bargain hunting has provided and bottom for the market and i donot see how stocks can go any lower.
Secondly using our bell weather stock theory.Safaricom ( our bell weather stock) which is a good indicator of where the market is going created an floor ( that is traded huge volume at a stable price) awhile ago and rallied alittle bit signaling it has found a bottom and prices can only look up.
Thirdly volume spikes we have seen of late on blue chips indicated investors are busy scouping up cheap stocks and it would be wise to enter with this high volume ...
I have also but my money where my mouth is and dipped into the market big time.Taking up Equity , Co-op , Safcom etc etc etc
Whereever @Yessirbigchair is he better know the market has bottomed and NOW is the time to BUY !!!!!!

Laughing out loudly Laughing out loudly Laughing out loudly Eric Nyamu you change your colours like a stock
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the deal
#183 Posted : Thursday, November 24, 2011 1:22:19 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
the deal wrote:
QW25081985 wrote:
Yes there i have said it the stock market has bottomed and all the easy bargain that we saw for last couple of months are slowly vanishing.
In the recent past we have seen allot of entry volume on blue chips and this bargain hunting has provided and bottom for the market and i donot see how stocks can go any lower.
Secondly using our bell weather stock theory.Safaricom ( our bell weather stock) which is a good indicator of where the market is going created an floor ( that is traded huge volume at a stable price) awhile ago and rallied alittle bit signaling it has found a bottom and prices can only look up.
Thirdly volume spikes we have seen of late on blue chips indicated investors are busy scouping up cheap stocks and it would be wise to enter with this high volume ...
I have also but my money where my mouth is and dipped into the market big time.Taking up Equity , Co-op , Safcom etc etc etc
Whereever @Yessirbigchair is he better know the market has bottomed and NOW is the time to BUY !!!!!!

Laughing out loudly Laughing out loudly Laughing out loudly Eric Nyamu you change your colours like the eveready stock
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Eric_Nyamu
#184 Posted : Thursday, November 24, 2011 1:25:35 PM
Rank: New-farer

Joined: 10/6/2011
Posts: 84
nkt !!!! hey the stock market just changed course and atleast now i can chart it and get some direction !!!!
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Cde Monomotapa
#185 Posted : Thursday, November 24, 2011 1:26:58 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
2,500pts.
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Aguytrying
#186 Posted : Saturday, November 26, 2011 7:55:53 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Cde Monomotapa wrote:
2,500pts.

statement of position. You never know.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Eric_Nyamu
#187 Posted : Saturday, December 03, 2011 12:55:59 PM
Rank: New-farer

Joined: 10/6/2011
Posts: 84
Eric_Nyamu wrote:
StatMeister wrote:
Eric_Nyamu wrote:
[quote=hisah]This a bit out of topic. @youcant - see more details on defence contractor fraud. Now do your research - http://sanders.senate.go...-44d9-936e-074de29f9be3[/quote]

another reason why i think the market has printed its lows ....KES heading for some big correction ::



@Eric, correction is up or down? CBK needs to manage volatility not value.

A weaker local currency makes more sense anywhere in the face of international trade.



the pair is correcting down...i think we will reach the 50% fib level.if breaks 61.8% level then i think professor and his cbk team need a pat on the back coz thats a job well done..now i see why the market rallied.if indeed the pair has topped 106 then i think we shld be buying stocks



Finally the shilling has closed (for three consecutive days) below the 61.8 level. nice job prof .lol . i see us consolidating around the 90 bob level as the market think of what to do next ..though i favour a move back up again ..
we are extremely,harshly oversold on the macd and rsi and thus a correction is needed ..
should we correct i look for targets at 32.8% fib level at 95 bob level...
after the correction the pair should test 80 , 81 ,82 levels .. thats how a normal scenario should be ...
it will be fun to see how the market plays out !!!!!
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Eric_Nyamu
#188 Posted : Saturday, December 03, 2011 12:59:00 PM
Rank: New-farer

Joined: 10/6/2011
Posts: 84
the deal wrote:
QW25081985 wrote:
Yes there i have said it the stock market has bottomed and all the easy bargain that we saw for last couple of months are slowly vanishing.
In the recent past we have seen allot of entry volume on blue chips and this bargain hunting has provided and bottom for the market and i donot see how stocks can go any lower.
Secondly using our bell weather stock theory.Safaricom ( our bell weather stock) which is a good indicator of where the market is going created an floor ( that is traded huge volume at a stable price) awhile ago and rallied alittle bit signaling it has found a bottom and prices can only look up.
Thirdly volume spikes we have seen of late on blue chips indicated investors are busy scouping up cheap stocks and it would be wise to enter with this high volume ...
I have also but my money where my mouth is and dipped into the market big time.Taking up Equity , Co-op , Safcom etc etc etc
Whereever @Yessirbigchair is he better know the market has bottomed and NOW is the time to BUY !!!!!!

Laughing out loudly Laughing out loudly Laughing out loudly Eric Nyamu you change your colours like a stock



one day its gonna bottom my friend technicals never lie ..atleast with technicals i will be able to stay ahead of crowd ...
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the deal
#189 Posted : Saturday, December 03, 2011 1:05:37 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Eric_Nyamu wrote:
the deal wrote:
QW25081985 wrote:
Yes there i have said it the stock market has bottomed and all the easy bargain that we saw for last couple of months are slowly vanishing.
In the recent past we have seen allot of entry volume on blue chips and this bargain hunting has provided and bottom for the market and i donot see how stocks can go any lower.
Secondly using our bell weather stock theory.Safaricom ( our bell weather stock) which is a good indicator of where the market is going created an floor ( that is traded huge volume at a stable price) awhile ago and rallied alittle bit signaling it has found a bottom and prices can only look up.
Thirdly volume spikes we have seen of late on blue chips indicated investors are busy scouping up cheap stocks and it would be wise to enter with this high volume ...
I have also but my money where my mouth is and dipped into the market big time.Taking up Equity , Co-op , Safcom etc etc etc
Whereever @Yessirbigchair is he better know the market has bottomed and NOW is the time to BUY !!!!!!

Laughing out loudly Laughing out loudly Laughing out loudly Eric Nyamu you change your colours like a stock



one day its gonna bottom my friend technicals never lie ..atleast with technicals i will be able to stay ahead of crowd ...


You are right my friend...I smell the bottom...as long as the Index keeps dropping...we are getting to the bottom.
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Eric_Nyamu
#190 Posted : Saturday, December 03, 2011 1:14:52 PM
Rank: New-farer

Joined: 10/6/2011
Posts: 84
the deal wrote:
Eric_Nyamu wrote:
the deal wrote:
QW25081985 wrote:
Yes there i have said it the stock market has bottomed and all the easy bargain that we saw for last couple of months are slowly vanishing.
In the recent past we have seen allot of entry volume on blue chips and this bargain hunting has provided and bottom for the market and i donot see how stocks can go any lower.
Secondly using our bell weather stock theory.Safaricom ( our bell weather stock) which is a good indicator of where the market is going created an floor ( that is traded huge volume at a stable price) awhile ago and rallied alittle bit signaling it has found a bottom and prices can only look up.
Thirdly volume spikes we have seen of late on blue chips indicated investors are busy scouping up cheap stocks and it would be wise to enter with this high volume ...
I have also but my money where my mouth is and dipped into the market big time.Taking up Equity , Co-op , Safcom etc etc etc
Whereever @Yessirbigchair is he better know the market has bottomed and NOW is the time to BUY !!!!!!

Laughing out loudly Laughing out loudly Laughing out loudly Eric Nyamu you change your colours like a stock



one day its gonna bottom my friend technicals never lie ..atleast with technicals i will be able to stay ahead of crowd ...


You are right my friend...I smell the bottom...as long as the Index keeps dropping...we are getting to the bottom.



for me technically i see a bottom but some trendlines need to be broken up...until then any rally is treated as a correction ...
that down channel on the 3 yrs chart is a bit worrying ...its just guiding the price down !
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