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NSE BUS LEAVING THE STAGE

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holycow		#181 Posted : Saturday, June 23, 2012 4:20:03 AM
Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home		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. @Hisah, i'm no cartoonist but learning never ends. So RSI is approaching 70, time to hit the sell button?
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Pesa Nane		#182 Posted : Saturday, June 23, 2012 10:34:13 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		@Hisah, i'm no cartoonist but learning never ends. So RSI is approaching 70, time to hit the sell button?[/quote] @Hisah, @HC, My dearest M-Pesa Bank RSI is fast approaching 70 but the demand closed the week steady and strong @3.50, volume was 6.4M. Unasemaje, finya button or hold position temporarily? Holding ni mpaka wapi? Pesa Nane plans to be shilingi when he grows up.
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sparkly		#183 Posted : Monday, June 25, 2012 7:11:33 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Pesa Nane wrote: @Hisah, i'm no cartoonist but learning never ends. So RSI is approaching 70, time to hit the sell button? @Hisah, @HC, My dearest M-Pesa Bank RSI is fast approaching 70 but the demand closed the week steady and strong @3.50, volume was 6.4M. Unasemaje, finya button or hold position temporarily? Holding ni mpaka wapi?[/quote] NKT people should do their own research. An overshot RSI sometimes signals an entry point! Life is short. Live passionately.
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QW25091985		#184 Posted : Monday, June 25, 2012 7:18:53 AM
Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood		sparkly wrote: Pesa Nane wrote: @Hisah, i'm no cartoonist but learning never ends. So RSI is approaching 70, time to hit the sell button? @Hisah, @HC, My dearest M-Pesa Bank RSI is fast approaching 70 but the demand closed the week steady and strong @3.50, volume was 6.4M. Unasemaje, finya button or hold position temporarily? Holding ni mpaka wapi? NKT people should do their own research. An overshot RSI sometimes signals an entry point![/quote] hehhehehe. i like the way people like quoting rsi here . Nothing else . but its A GOOD INDICATION TO SELL
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Pesa Nane		#185 Posted : Monday, June 25, 2012 3:23:11 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		sparkly wrote: NKT people should do their own research. An overshot RSI sometimes signals an entry point! @Sparkly, Thanks for the advise! As for your 1st comment Quote: NKT, people should do their own research , I take it in jest. Some of us are waiting for the publishing of -NSE STOCKS FOR DUMBS (fools). Meantime, we continue to believe in "The Wazua Spirit is to educate, inform, learn from others;" Pesa Nane plans to be shilingi when he grows up.
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mwekez@ji		#186 Posted : Friday, June 29, 2012 9:15:42 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		The bus is now ranked world’s third best performer http://www.businessdailyafrica....66/-/tqpome/-/index.html
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the deal		#187 Posted : Friday, June 29, 2012 9:32:10 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		the deal wrote: The NSE20 has gained for 6 straight sessions...today it ramped up 17 points to close at 3258...BUY BUY BUY! We are now at 3700...from here there is little upside...the highest we can go is a 4000 in other words the market is topping...once you see headlines like Best Performer know that the rally is done!
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QW25091985		#188 Posted : Friday, June 29, 2012 9:35:21 AM
Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood		the deal wrote: the deal wrote: The NSE20 has gained for 6 straight sessions...today it ramped up 17 points to close at 3258...BUY BUY BUY! We are now at 3700...from here there is little upside...the highest we can go is a 4000 in other words the market is topping...once you see headlines like Best Performer know that the rally is done! . topping meaning we are going back to 3072 and below ?
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the deal		#189 Posted : Friday, June 29, 2012 9:40:48 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		QW25091985 wrote: the deal wrote: the deal wrote: The NSE20 has gained for 6 straight sessions...today it ramped up 17 points to close at 3258...BUY BUY BUY! We are now at 3700...from here there is little upside...the highest we can go is a 4000 in other words the market is topping...once you see headlines like Best Performer know that the rally is done! . topping meaning we are going back to 3072 and below ? Lol in a bull market folks think prices will go up forever....I will leave you with those wise words...
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Aguytrying		#190 Posted : Friday, June 29, 2012 11:37:22 AM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		the deal wrote: QW25091985 wrote: the deal wrote: the deal wrote: The NSE20 has gained for 6 straight sessions...today it ramped up 17 points to close at 3258...BUY BUY BUY! We are now at 3700...from here there is little upside...the highest we can go is a 4000 in other words the market is topping...once you see headlines like Best Performer know that the rally is done! . topping meaning we are going back to 3072 and below ? Lol in a bull market folks think prices will go up forever....I will leave you with those wise words... @deal. For once i agree with you. People think a rally like this will never end, they forget so fast. at election time lets look back and see where we were. The investor's chief problem - and even his worst enemy - is likely to be himself
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