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Elliott Wave Analysis Of The NSE 20
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hisah
#1931 Posted : Wednesday, July 13, 2016 7:23:10 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
lochaz-index wrote:
instinct wrote:
NSE20 share index loses 1.14% to hit a 12month low of 3619

The divergence between safcom and the NSE20 is growing by the day. Which way Mr market? Does safcom follow the index or the other way around? I think this has to sort itself out so as to give the market some definitive direction.

That's the last straw standing. It's held its footing stubbornly. But if it breaks, the ensuing storm will be hard to watch. Level to watch is 15 handle then 12.50. As long as those support levels hold, mpesa bank will keep afloat. The financials have been the leaders in this bear. In 2008 and 2011 mpesa bank slump drove the index down sharply and faster.

Meanwhile NSE20 is poised to break below 3500. No support here until 3300.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Wednesday, July 13, 2016 7:25 AM | Reason: Not specified
sparkly
#1932 Posted : Wednesday, July 13, 2016 8:19:11 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
instinct wrote:
Wakanyugi wrote:
instinct wrote:
NSE20 share index loses 1.14% to hit a 12month low of 3619



Here is an idea that could turn round the fortunes of the NSE

Open a counter for buying and selling politicians.

I am sure the coming one year investors could make a killing.


I exited the market totally a few weeks back. i sleep soundly these dayssmile


Good for you.
Life is short. Live passionately.
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Aguytrying
#1933 Posted : Wednesday, July 13, 2016 1:05:59 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
sparkly wrote:
instinct wrote:
Wakanyugi wrote:
instinct wrote:
NSE20 share index loses 1.14% to hit a 12month low of 3619



Here is an idea that could turn round the fortunes of the NSE

Open a counter for buying and selling politicians.

I am sure the coming one year investors could make a killing.


I exited the market totally a few weeks back. i sleep soundly these dayssmile


Good for you.


@instinct. You should be buying not selling
The investor's chief problem - and even his worst enemy - is likely to be himself
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instinct
#1934 Posted : Wednesday, July 13, 2016 10:38:16 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
Aguytrying wrote:
sparkly wrote:
instinct wrote:
Wakanyugi wrote:
instinct wrote:
NSE20 share index loses 1.14% to hit a 12month low of 3619



Here is an idea that could turn round the fortunes of the NSE

Open a counter for buying and selling politicians.

I am sure the coming one year investors could make a killing.


I exited the market totally a few weeks back. i sleep soundly these dayssmile


Good for you.


@instinct. You should be buying not selling


i have a feeling the bloodletting will continue..
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hisah
#1935 Posted : Friday, July 15, 2016 4:43:46 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mid July and NSE20 breaks below 3600 handle to close the week on losses continuation. Closed at 3596. Too much discounts are "bad" for your health smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Othelo
#1936 Posted : Friday, July 15, 2016 4:51:39 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
hisah wrote:
Mid July and NSE20 breaks below 3600 handle to close the week on losses continuation. Closed at 3596. Too much discounts are "bad" for your health smile

Correction will catch guys napping smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Metasploit
#1937 Posted : Friday, July 15, 2016 6:35:05 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Still way down to go..

Too much supply at good prices with no excitement in demand

KPLC touched 8.55 with no excitement in demand..8.00 will print in a few days time

KCB at the lowest RSI in more than 10 years (14) with supply building at 32 and still no excitement in demand..30 will touch eventually.Will Ksh 30 excite demand ? Doesnt look like

CIC eyeing 4.00 and below

Britam breaking below 13.50 round 2 (There has been lots of supply here)

and soo many others.....

Meanwhile safcom has refused to go past 17.50 and drop below 17.00.Waiting to see who wins

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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  | | Edit by user: Friday, July 15, 2016 6:37 PM | Reason: Not specified
Othelo
#1938 Posted : Friday, July 15, 2016 6:54:07 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Looking forward to making money on Britam again because it is a high beta stock. Right entry & exit is key. A low of 8 would be welcome.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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lochaz-index
#1939 Posted : Friday, July 15, 2016 7:31:51 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Metasploit wrote:
Still way down to go..

Too much supply at good prices with no excitement in demand

KPLC touched 8.55 with no excitement in demand..8.00 will print in a few days time

KCB at the lowest RSI in more than 10 years (14) with supply building at 32 and still no excitement in demand..30 will touch eventually.Will Ksh 30 excite demand ? Doesnt look like

CIC eyeing 4.00 and below

Britam breaking below 13.50 round 2 (There has been lots of supply here)

and soo many others.....

Meanwhile safcom has refused to go past 17.50 and drop below 17.00.Waiting to see who wins

Kcb has leaked in a lot of water. >50% tanking from peak to trough...very interesting.

Initially when the NSE20 started to slide, Kcb was among the few stocks that held ground. Now, on a relative basis, it is front running the market big time. So far Safcom, BAT, eabl and equity are proving to be tough customers for the bear...saving the best for last?
The main purpose of the stock market is to make fools of as many people as possible.
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sparkly
#1940 Posted : Friday, July 15, 2016 7:44:50 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
lochaz-index wrote:
Metasploit wrote:
Still way down to go..

Too much supply at good prices with no excitement in demand

KPLC touched 8.55 with no excitement in demand..8.00 will print in a few days time

KCB at the lowest RSI in more than 10 years (14) with supply building at 32 and still no excitement in demand..30 will touch eventually.Will Ksh 30 excite demand ? Doesnt look like

CIC eyeing 4.00 and below

Britam breaking below 13.50 round 2 (There has been lots of supply here)

and soo many others.....

Meanwhile safcom has refused to go past 17.50 and drop below 17.00.Waiting to see who wins

Kcb has leaked in a lot of water. >50% tanking from peak to trough...very interesting.

Initially when the NSE20 started to slide, Kcb was among the few stocks that held ground. Now, on a relative basis, it is front running the market big time. So far Safcom, BAT, eabl and equity are proving to be tough customers for the bear...saving the best for last?


Jubilee is another bluechip that is up there.
Life is short. Live passionately.
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