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Elliott Wave Analysis Of The NSE 20
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lochaz-index
#2061 Posted : Friday, August 26, 2016 1:54:22 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Aguytrying wrote:
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

I am no techie. In fact I wouldn't know the first rule about charts, nonetheless, after being clobbered senseless by the market one learns a trick or two.
The main purpose of the stock market is to make fools of as many people as possible.
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Angelica _ann
#2062 Posted : Friday, August 26, 2016 6:57:08 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Any let off and signs of rebound on bank stocks next week?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Spikes
#2063 Posted : Friday, August 26, 2016 7:05:37 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Angelica _ann wrote:
Any let off and signs of rebound on bank stocks next week?



A rebound is likely Friday next week.

All other days a pool of blood coz banking stocks are under a butcher's knife.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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cnn
#2064 Posted : Friday, August 26, 2016 7:22:54 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
NSE 20 closes at 3216,not as steep a loss as yesterday.Even those bank share price losses will slow down next week,i will be closely watching.
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mlennyma
#2065 Posted : Friday, August 26, 2016 9:08:24 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
cnn wrote:
NSE 20 closes at 3216,not as steep a loss as yesterday.Even those bank share price losses will slow down next week,i will be closely watching.

heading to a whooping 2,500 points down something many are seeing for their first time
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#2066 Posted : Friday, August 26, 2016 9:11:05 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Spikes wrote:
Angelica _ann wrote:
Any let off and signs of rebound on bank stocks next week?



A rebound is likely Friday next week.

All other days a pool of blood coz banking stocks are under a butcher's knife.

for kcb and equity some investors must cancel their sell orders for calm to return otherwise next week will be reeeed,other bank stocks show some calm almost arriving
"Don't let the fear of losing be greater than the excitement of winning."
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mkate_nusu
#2067 Posted : Friday, August 26, 2016 9:14:16 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
mlennyma wrote:
Spikes wrote:
Angelica _ann wrote:
Any let off and signs of rebound on bank stocks next week?



A rebound is likely Friday next week.

All other days a pool of blood coz banking stocks are under a butcher's knife.

for kcb and equity some investors must cancel their sell orders for calm to return otherwise next week will be reeeed,other bank stocks show some calm almost arriving


come slowly brother. some of us are trying to exit. hapa ni kusaidiana
KEGN, KPLC, KQ, SCOM
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mlennyma
#2068 Posted : Friday, August 26, 2016 9:15:38 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
cnn wrote:
NSE 20 closes at 3216,not as steep a loss as yesterday.Even those bank share price losses will slow down next week,i will be closely watching.

any stock in the positive territory at this 3216 points is a Ghost
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#2069 Posted : Friday, August 26, 2016 9:19:00 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mkate_nusu wrote:
mlennyma wrote:
Spikes wrote:
Angelica _ann wrote:
Any let off and signs of rebound on bank stocks next week?



A rebound is likely Friday next week.

All other days a pool of blood coz banking stocks are under a butcher's knife.

for kcb and equity some investors must cancel their sell orders for calm to return otherwise next week will be reeeed,other bank stocks show some calm almost arriving


come slowly brother. some of us are trying to exit. hapa ni kusaidiana

the room is tear gassed and the opening is very small for massive exitSad
"Don't let the fear of losing be greater than the excitement of winning."
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obiero
#2070 Posted : Friday, August 26, 2016 9:19:59 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
mkate_nusu wrote:
mlennyma wrote:
Spikes wrote:
Angelica _ann wrote:
Any let off and signs of rebound on bank stocks next week?



A rebound is likely Friday next week.

All other days a pool of blood coz banking stocks are under a butcher's knife.

for kcb and equity some investors must cancel their sell orders for calm to return otherwise next week will be reeeed,other bank stocks show some calm almost arriving


come slowly brother. some of us are trying to exit. hapa ni kusaidiana

@mkate_nusu lol..

KQ ABP 4.26
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