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How to tell NSE has bottomed out
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Sober
#261 Posted : Wednesday, August 10, 2011 7:40:09 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
As the index tumbles i keep looking at the 12 months of rugged terraine that we are having ahead and i keep asking myself, how low it gonna sink.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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the deal
#262 Posted : Wednesday, August 10, 2011 8:32:55 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I think we might see a short lived rally....before we cut through the 3500 mark...watch the 3500 mark anything below that we are done..it will be a free fall to 3000 and below...
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QW25071985
#263 Posted : Wednesday, August 10, 2011 8:39:37 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
The technicals for nse are toooo overstreched.and we know what happens when we overstrech a e.g rubber band. It snaps back with force. The rally if it'll happen will be worth buying. Lets wait and see.
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Hunderwear
#264 Posted : Wednesday, August 10, 2011 9:46:02 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
the deal wrote:
I think we might see a short lived rally....before we cut through the 3500 mark...watch the 3500 mark anything below that we are done..it will be a free fall to 3000 and below...

If my memory serves me right there was a song about breaking 3600 mark....now it's 3500 before the free fal
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hisah
#265 Posted : Thursday, August 11, 2011 7:26:16 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Hunderwear wrote:
the deal wrote:
I think we might see a short lived rally....before we cut through the 3500 mark...watch the 3500 mark anything below that we are done..it will be a free fall to 3000 and below...

If my memory serves me right there was a song about breaking 3600 mark....now it's 3500 before the free fal

Think of it this way, 3600 was the spillway and 3500 is the floodgate...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#266 Posted : Thursday, August 11, 2011 8:12:12 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
That 3500 level better hold the selling pressure...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Muthawamunene
#267 Posted : Thursday, August 11, 2011 11:11:00 PM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
i hate to be so blunt, but hell!! All the signs point north as i said in another post.
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QW25071985
#268 Posted : Friday, August 12, 2011 7:34:11 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
We know the n.s.e gets its life back from september when the foreigners come back from their summer vacation . It shld be interesting to see how the market behaves.
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hisah
#269 Posted : Friday, August 12, 2011 7:36:45 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Muthawamunene wrote:
i hate to be so blunt, but hell!! All the signs point north as i said in another post.

There is nothing wrong with being blunt with your opinion.

NSE will definitely bounce from the overstretched selling. However, keep in mind that this is now a bear market.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#270 Posted : Friday, August 12, 2011 5:33:38 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
3500 still holds, but at a cliff hanging point...

Meanwhile Olympia is morphing into a paka...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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