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Elliott Wave Analysis Of The NSE 20
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Sufficiently Philanga....thropic
#2051 Posted : Thursday, August 25, 2016 6:42:43 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
littledove wrote:
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.

I was expecting NSE20 to crash through that floor from the heavy bank stock losses witnessed today. The index now sits right on major support at 3300 handle. Next critical support comes in at 3000, which if broken opens up the GFC low at 2360.

@SPT remember the trouble with the euro chart? NSE20 has followed that chart almost to the T.

smile That was a Great call
@SufficientlyP
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mnandii
#2052 Posted : Thursday, August 25, 2016 8:01:27 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
lochaz-index wrote:
This bear is turning out to be quite unique. When it started out, the doubting Thomases were by the bucket full. One and a half years down the line fear is yet to hit fever pitch while some are calling for the bottom already...interesting chronicles.

Desperation is kicking in slowly but surely as investors discover their predicament with the current dispensation. GOK debt burden is still hovering over the market/economy. The bear may be around for a while longer till that is resolved. That will be the final chapter/episode of this interesting script.

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Aguytrying
#2053 Posted : Thursday, August 25, 2016 8:02:36 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Sufficiently Philanga....thropic wrote:
hisah wrote:
littledove wrote:
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.

I was expecting NSE20 to crash through that floor from the heavy bank stock losses witnessed today. The index now sits right on major support at 3300 handle. Next critical support comes in at 3000, which if broken opens up the GFC low at 2360.

@SPT remember the trouble with the euro chart? NSE20 has followed that chart almost to the T.

smile That was a Great call


Where did the euro chart point to next.

How badly will banking stocks be affected by this law, are we talking half of current prices or is this a knee jerk reaction
The investor's chief problem - and even his worst enemy - is likely to be himself
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mnandii
#2054 Posted : Thursday, August 25, 2016 8:09:54 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Now people will learn what bear market we have been forecasting. The guys who keep saying they look forward to buying shares at lower prices will have the worst surprise of their life!

Expect banks to crash with people's money.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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wukan
#2055 Posted : Thursday, August 25, 2016 8:16:14 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
mnandii wrote:
Now people will learn what bear market we have been forecasting. The guys who keep saying they look forward to buying shares at lower prices will have the worst surprise of their life!

Expect banks to crash with people's money.


I have tried telling wazuans they keep saying I'm scaremongering. Wacha kiumane
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cnn
#2056 Posted : Thursday, August 25, 2016 8:21:20 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
mnandii wrote:
Now people will learn what bear market we have been forecasting. The guys who keep saying they look forward to buying shares at lower prices will have the worst surprise of their life!

Expect banks to crash with people's money.

All i see are are great opportunities opening up.Be it in the said banks or if they take the rest of the market down with them.Money will be made,i am following closely.
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lochaz-index
#2057 Posted : Thursday, August 25, 2016 8:54:10 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Aguytrying wrote:
Sufficiently Philanga....thropic wrote:
hisah wrote:
littledove wrote:
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.

I was expecting NSE20 to crash through that floor from the heavy bank stock losses witnessed today. The index now sits right on major support at 3300 handle. Next critical support comes in at 3000, which if broken opens up the GFC low at 2360.

@SPT remember the trouble with the euro chart? NSE20 has followed that chart almost to the T.

smile That was a Great call


Where did the euro chart point to next.

How badly will banking stocks be affected by this law, are we talking half of current prices or is this a knee jerk reaction

The interest capping law should not worry you. Banks can and do handle reduced profits/shrinking NIM admirably. They will always find ways of making money.

Illiquidity however is a different beast all together. The rate cap makes a bad situation worse but it doesn't cause it. Those that were struggling with illiquidity have been fast-tracked towards oblivion. Coming at a time when the herd is already spooked - what with Dubai, Imperial and chase bank belly ups - another bank failure will have disastrous consequences.
The main purpose of the stock market is to make fools of as many people as possible.
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Aguytrying
#2058 Posted : Thursday, August 25, 2016 9:19:04 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
lochaz-index wrote:
Aguytrying wrote:
Sufficiently Philanga....thropic wrote:
hisah wrote:
littledove wrote:
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.

I was expecting NSE20 to crash through that floor from the heavy bank stock losses witnessed today. The index now sits right on major support at 3300 handle. Next critical support comes in at 3000, which if broken opens up the GFC low at 2360.

@SPT remember the trouble with the euro chart? NSE20 has followed that chart almost to the T.

smile That was a Great call


Where did the euro chart point to next.

How badly will banking stocks be affected by this law, are we talking half of current prices or is this a knee jerk reaction

The interest capping law should not worry you. Banks can and do handle reduced profits/shrinking NIM admirably. They will always find ways of making money.

Illiquidity however is a different beast all together. The rate cap makes a bad situation worse but it doesn't cause it. Those that were struggling with illiquidity have been fast-tracked towards oblivion. Coming at a time when the herd is already spooked - what with Dubai, Imperial and chase bank belly ups - another bank failure will have disastrous consequences.


Gotcha. You techies are among the few not running around like headless chickens
The investor's chief problem - and even his worst enemy - is likely to be himself
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Sufficiently Philanga....thropic
#2059 Posted : Thursday, August 25, 2016 9:40:26 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Aguytrying wrote:
Sufficiently Philanga....thropic wrote:
hisah wrote:
littledove wrote:
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.

I was expecting NSE20 to crash through that floor from the heavy bank stock losses witnessed today. The index now sits right on major support at 3300 handle. Next critical support comes in at 3000, which if broken opens up the GFC low at 2360.

@SPT remember the trouble with the euro chart? NSE20 has followed that chart almost to the T.

smile That was a Great call


Where did the euro chart point to next.

How badly will banking stocks be affected by this law, are we talking half of current prices or is this a knee jerk reaction

More haircuts targeting THE TEENS for simba and member.
@SufficientlyP
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hisah
#2060 Posted : Friday, August 26, 2016 4:25:49 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:
Aguytrying wrote:
Sufficiently Philanga....thropic wrote:
hisah wrote:
littledove wrote:
mlennyma wrote:
Can i expect 200 points slash today?

The Nairobi All Share slumped -5.01% to close at 139.14
The Nairobi NSE20 crashed -4.41% lower to close at 3309.76 a level last reached in March 2012.

I was expecting NSE20 to crash through that floor from the heavy bank stock losses witnessed today. The index now sits right on major support at 3300 handle. Next critical support comes in at 3000, which if broken opens up the GFC low at 2360.

@SPT remember the trouble with the euro chart? NSE20 has followed that chart almost to the T.

smile That was a Great call


Where did the euro chart point to next.

How badly will banking stocks be affected by this law, are we talking half of current prices or is this a knee jerk reaction

More haircuts targeting THE TEENS for simba and member.

@aguy the euro fell off the cliff vs USD. With NSE20 breaking below the trendline floor around 4500, a sharp fall was expected. Though it wasn't as swift as I expected. But the steep dive yesterday is what's needed to shakeout the weak hands faster, in order to kick out the bear.

@SPT if simba and member fall to the teens that will be a very fat tail and I'll scoop that ulcers central in bucket loads. Both gapped down at market open and finished the day on the back of heavy losses. That's a gap to fill when the bulls return smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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