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Elliott Wave Analysis Of The NSE 20
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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hisah wrote:lochaz-index wrote:hisah wrote:Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:Next support, 3070 low of December 2011,below that opens up to 2360, the March 2009 GFC lows. NSE 20 down 33 points today to close at 3083  With USD Bulls on the driver's seat, Safcom on a downward trend and credit growth at an all time low, NSE 20 would need divine intervention to stay above the 3,000 psychological level. The 3070 support level is now under serious threat! FTSE NSE KE 15 index is oversold on all time frames except the monthly gauge!!! Extremely bearish. Extreme sentiments usually warn of a sharp turn ahead.
Intraday the index is down 1.24% and will likely close this way. NSE20 will likely close down 1% or more which means it will close below 3000 handle  Are we already in sub-3000 territory? That would take the market 7 years back to 2009. The bounce from 3074 was a bit too steep to be sustainable. Some relief rallies before FY results maybe? NSE20 closes at 3047 breaking the 2011 low at 3070 made on Dec 6 2011. This index is also oversold on the daily, weekly and monthly gauges. Divergence noted on the RSI. The low points are not correlating with the RSI which is printing lower highs. Extreme sentiments zone as the bear extends into the third year with fat tails getting fatter.
The ensuing rebound after this overfeeding spree by the bears is going to be awesome. But as usual many will miss this rebound before the extreme negative sentiments can be reset. Then the bull starts a climb of worry then comes the euphoria phase and bang down we go again as the cycle repeats. I think banks are about to add a nail into this coffin "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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hisah wrote:lochaz-index wrote:hisah wrote:Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:Next support, 3070 low of December 2011,below that opens up to 2360, the March 2009 GFC lows. NSE 20 down 33 points today to close at 3083 With USD Bulls on the driver's seat, Safcom on a downward trend and credit growth at an all time low, NSE 20 would need divine intervention to stay above the 3,000 psychological level. The 3070 support level is now under serious threat! FTSE NSE KE 15 index is oversold on all time frames except the monthly gauge!!! Extremely bearish. Extreme sentiments usually warn of a sharp turn ahead.
Intraday the index is down 1.24% and will likely close this way. NSE20 will likely close down 1% or more which means it will close below 3000 handle Are we already in sub-3000 territory? That would take the market 7 years back to 2009. The bounce from 3074 was a bit too steep to be sustainable. Some relief rallies before FY results maybe? NSE20 closes at 3047 breaking the 2011 low at 3070 made on Dec 6 2011. This index is also oversold on the daily, weekly and monthly gauges. Divergence noted on the RSI. The low points are not correlating with the RSI which is printing lower highs. Extreme sentiments zone as the bear extends into the third year with fat tails getting fatter.
The ensuing rebound after this overfeeding spree by the bears is going to be awesome. But as usual many will miss this rebound before the extreme negative sentiments can be reset. Then the bull starts a climb of worry then comes the euphoria phase and bang down we go again as the cycle repeats. All this when the Dow is knocking the 20,000 door. We should bottom sometime this quarter.......not very long from now but sub 3,000 is sure to print by week close. Early next week should be considered a good time for partial entry. @SufficientlyP
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Sufficiently Philanga....thropic wrote:hisah wrote:lochaz-index wrote:hisah wrote:Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:Next support, 3070 low of December 2011,below that opens up to 2360, the March 2009 GFC lows. NSE 20 down 33 points today to close at 3083 With USD Bulls on the driver's seat, Safcom on a downward trend and credit growth at an all time low, NSE 20 would need divine intervention to stay above the 3,000 psychological level. The 3070 support level is now under serious threat! FTSE NSE KE 15 index is oversold on all time frames except the monthly gauge!!! Extremely bearish. Extreme sentiments usually warn of a sharp turn ahead.
Intraday the index is down 1.24% and will likely close this way. NSE20 will likely close down 1% or more which means it will close below 3000 handle Are we already in sub-3000 territory? That would take the market 7 years back to 2009. The bounce from 3074 was a bit too steep to be sustainable. Some relief rallies before FY results maybe? NSE20 closes at 3047 breaking the 2011 low at 3070 made on Dec 6 2011. This index is also oversold on the daily, weekly and monthly gauges. Divergence noted on the RSI. The low points are not correlating with the RSI which is printing lower highs. Extreme sentiments zone as the bear extends into the third year with fat tails getting fatter.
The ensuing rebound after this overfeeding spree by the bears is going to be awesome. But as usual many will miss this rebound before the extreme negative sentiments can be reset. Then the bull starts a climb of worry then comes the euphoria phase and bang down we go again as the cycle repeats. All this when the Dow is knocking the 20,000 door. We should bottom sometime this quarter.......not very long from now but sub 3,000 is sure to print by week close. Early next week should be considered a good time for partial entry. Co-signed
KQ ABP 4.26
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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obiero wrote:Sufficiently Philanga....thropic wrote:hisah wrote:lochaz-index wrote:hisah wrote:Sufficiently Philanga....thropic wrote:Sufficiently Philanga....thropic wrote:Next support, 3070 low of December 2011,below that opens up to 2360, the March 2009 GFC lows. NSE 20 down 33 points today to close at 3083 With USD Bulls on the driver's seat, Safcom on a downward trend and credit growth at an all time low, NSE 20 would need divine intervention to stay above the 3,000 psychological level. The 3070 support level is now under serious threat! FTSE NSE KE 15 index is oversold on all time frames except the monthly gauge!!! Extremely bearish. Extreme sentiments usually warn of a sharp turn ahead.
Intraday the index is down 1.24% and will likely close this way. NSE20 will likely close down 1% or more which means it will close below 3000 handle Are we already in sub-3000 territory? That would take the market 7 years back to 2009. The bounce from 3074 was a bit too steep to be sustainable. Some relief rallies before FY results maybe? NSE20 closes at 3047 breaking the 2011 low at 3070 made on Dec 6 2011. This index is also oversold on the daily, weekly and monthly gauges. Divergence noted on the RSI. The low points are not correlating with the RSI which is printing lower highs. Extreme sentiments zone as the bear extends into the third year with fat tails getting fatter.
The ensuing rebound after this overfeeding spree by the bears is going to be awesome. But as usual many will miss this rebound before the extreme negative sentiments can be reset. Then the bull starts a climb of worry then comes the euphoria phase and bang down we go again as the cycle repeats. All this when the Dow is knocking the 20,000 door. We should bottom sometime this quarter.......not very long from now but sub 3,000 is sure to print by week close. Early next week should be considered a good time for partial entry. Co-signed so you see a ka bull somewhere near? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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The massacre continues "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mlennyma wrote:The massacre continues Wacha tu. I am down 12℅ compared to initial cost of portfolio. Losses on CFC holdings and TPS. Kenya Re and KK in profits. Kengen and Equity in minor losses. I wonder how other wazuans are fareing. Life is short. Live passionately.
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Rank: New-farer Joined: 6/30/2014 Posts: 86 Location: nairobi
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sparkly wrote:mlennyma wrote:The massacre continues Wacha tu. I am down 12℅ compared to initial cost of portfolio. Losses on CFC holdings and TPS. Kenya Re and KK in profits. Kengen and Equity in minor losses. I wonder how other wazuans are fareing. Tuko tu, the bus iko on free gear down hill. averaging down pole pole. 
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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lochaes wrote:sparkly wrote:mlennyma wrote:The massacre continues Wacha tu. I am down 12℅ compared to initial cost of portfolio. Losses on CFC holdings and TPS. Kenya Re and KK in profits. Kengen and Equity in minor losses. I wonder how other wazuans are fareing. Tuko tu, the bus iko on free gear down hill. averaging down pole pole. Somebody go call mnandii. He has to talk to Elliot to stop this madness. Mi feel like erecting. My kaniii is bleeding and shrinking fast. I may end up being nothing at this phase.  . @mnandii talk to Elliot. Tell him to rethink the spell he casted on this miserable NSE theatrics. ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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FTSE NSE KE 15 breaks below 150 handle with vigor Down 2.14% intraday. Despondency phase here we come. NSE20 will definitely close the day sub 3000 $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/13/2015 Posts: 1,653
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hisah wrote:FTSE NSE KE 15 breaks below 150 handle with vigor Down 2.14% intraday. Despondency phase here we come. NSE20 will definitely close the day sub 3000 This is good it's like war the more brutal it becomes the sooner it is over. My target of sub 3000 comes true. 2700 is the buying zone.
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Elliott Wave Analysis Of The NSE 20
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