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Elliott Wave Analysis Of The NSE 20
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littledove
#2651 Posted : Saturday, May 27, 2017 9:19:30 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
mnandii wrote:


NSE 20 SHARE INDEX

Expecting the current counter-trend rally to find resistance between 3189 and 3333 to complete blue wave [iv]

Afterwards we should expect a fall to below 2800.


NSE 20 Share Index 3,442.38 on 26/5/2017
the bull seems to be gaining momentum but some counters like kcb showed signs of reversal.
interesting also to note is that the four days where the index has gained 146 points from
3296 has been dominated by heavy net foreign sales, most likely local institutions are
weighing the possibility of peaceful elections thus absorbing that supply

There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Liv
#2652 Posted : Saturday, May 27, 2017 9:55:34 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
littledove wrote:
mnandii wrote:


NSE 20 SHARE INDEX

Expecting the current counter-trend rally to find resistance between 3189 and 3333 to complete blue wave [iv]

Afterwards we should expect a fall to below 2800.


NSE 20 Share Index 3,442.38 on 26/5/2017
the bull seems to be gaining momentum but some counters like kcb showed signs of reversal.
interesting also to note is that the four days where the index has gained 146 points from
3296 has been dominated by heavy net foreign sales, most likely local institutions are
weighing the possibility of peaceful elections thus absorbing that supply



My view is that interest rates have been falling of late and these institutions have limited places to put their money for better returns. The stock prices at NSE have started looking attractive and hence the increased demand.

I would like to hear about the candles ...which curve are we in now? Someone had said the NSE index is derived more by the social mood. What has changed in the social mood now? The lowering of maize flour to shs 90?....lol
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mufasa
#2653 Posted : Sunday, May 28, 2017 7:59:09 AM
Rank: Member

Joined: 4/15/2008
Posts: 238
Probably premised on hope of regime change.
Do it today! Tomorrow is promise to no-one.
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Gatheuzi
#2654 Posted : Monday, May 29, 2017 7:57:38 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Liv wrote:
littledove wrote:
mnandii wrote:


NSE 20 SHARE INDEX

Expecting the current counter-trend rally to find resistance between 3189 and 3333 to complete blue wave [iv]

Afterwards we should expect a fall to below 2800.


NSE 20 Share Index 3,442.38 on 26/5/2017
the bull seems to be gaining momentum but some counters like kcb showed signs of reversal.
interesting also to note is that the four days where the index has gained 146 points from
3296 has been dominated by heavy net foreign sales, most likely local institutions are
weighing the possibility of peaceful elections thus absorbing that supply



My view is that interest rates have been falling of late and these institutions have limited places to put their money for better returns. The stock prices at NSE have started looking attractive and hence the increased demand.

I would like to hear about the candles ...which curve are we in now? Someone had said the NSE index is derived more by the social mood. What has changed in the social mood now? The lowering of maize flour to shs 90?....lol

I don't know much about waves, but the current one is actually a "good" wave.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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mlennyma
#2655 Posted : Monday, May 29, 2017 2:56:47 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Banks rally has lost momentum
"Don't let the fear of losing be greater than the excitement of winning."
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Spikes
#2656 Posted : Monday, May 29, 2017 3:06:14 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
mlennyma wrote:
Banks rally has lost momentum

Now they are establishing equilibrium!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Metasploit
#2657 Posted : Monday, May 29, 2017 4:42:56 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Spikes wrote:
mlennyma wrote:
Banks rally has lost momentum

Now they are establishing equilibrium!


Watch the depth of the pullback for a conclusion

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#2658 Posted : Wednesday, May 31, 2017 1:59:05 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Metasploit wrote:
Spikes wrote:
mlennyma wrote:
Banks rally has lost momentum

Now they are establishing equilibrium!


Watch the depth of the pullback for a conclusion


Very shallow pullback..


“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#2659 Posted : Wednesday, May 31, 2017 2:00:59 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Now time to defeat the 40 resistance for KCB and 38.5-39 resistance for Equity

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#2660 Posted : Wednesday, May 31, 2017 2:05:14 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
And NSE will surely touch 3500 as Ken gen and the rest are taking a breather

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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