Wazua
»
Investor
»
Stocks
»
Elliott Wave Analysis Of The NSE 20
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
CNBC wrote:U.S. stock index futures screamed lower on Monday, with Dow futures tumbling more than 700 points, as fears surrounding the health of China's economy multiplied.
The New York Stock Exchange is invoking Rule 48 for the Monday stock market open, Dow Jones reported.
The rule allows NYSE to open stocks without indications. "It was set up for situations like this," said Art Hogan, chief market strategist at Wunderich Securities. It was last used in the financial crisis. The Dow futures held about 700 points lower, with the S&P futures off about 80 points, and the Nasdaq 100 futures off about 5 percent, which marks the lower end of the price limit.
The major averages are on track for one of their worst opens since the financial crisis of 2008. http://www.cnbc.com/2015...n-as-futures-plunge.html"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
|
The opening tumble is actually breaking news on BBC.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
This tide is going to expose a lot of ugliness. And it's not yet September when trading desks are in full swing! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
@hisah....where is capital flowing to? The volume at the NSE today was minimal with SAFCOM being the top mover trading less than 7M shares. Foreigners participation was just at 50 something %...any insights? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
murchr wrote:@hisah....where is capital flowing to? The volume at the NSE today was minimal with SAFCOM being the top mover trading less than 7M shares. Foreigners participation was just at 50 something %...any insights? Muted participation today. Will keep monitoring. I guess the moves are at the higher global level before we move to the medium and low levels.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
|
murchr wrote:@hisah....where is capital flowing to? The volume at the NSE today was minimal with SAFCOM being the top mover trading less than 7M shares. Foreigners participation was just at 50 something %...any insights? Blame it on China. NYSE also bleeding like a burukenge. Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Selling overdone. Too much fear at this point. I expect the indices to rebound from this point until the next selloff next month. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
 I don't think this has to do with the Chinese economy anymore....just Wanjiku fleeing the market "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Elder Joined: 10/11/2006 Posts: 2,304
|
hisah wrote:This tide is going to expose a lot of ugliness. And it's not yet September when trading desks are in full swing!
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.
|
|
|
Rank: Elder Joined: 10/11/2006 Posts: 2,304
|
From EWI  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.
|
|
|
Rank: Elder Joined: 10/11/2006 Posts: 2,304
|
From EWI  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.
|
|
|
Rank: Elder Joined: 10/11/2006 Posts: 2,304
|
I expect 4317 level to hold in the NSE 20 share Index. If it doesn't then things will likely be quite ugly soon. I will post analysis then. 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.
|
|
|
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
|
mnandii wrote:I expect 4317 level to hold in the NSE 20 share Index. If it doesn't then things will likely be quite ugly soon. I will post analysis then. yesterday we closed at 4337.47, we are likely to go below 4317 as early as this week if not today 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
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
mnandii wrote:I expect 4317 level to hold in the NSE 20 share Index. If it doesn't then things will likely be quite ugly soon. I will post analysis then. I don't want it to hold. I haven't been able to buy the stocks I want for over 2 years. Let it sink The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Elder Joined: 12/6/2008 Posts: 3,548
|
Aguytrying wrote:mnandii wrote:I expect 4317 level to hold in the NSE 20 share Index. If it doesn't then things will likely be quite ugly soon. I will post analysis then. I don't want it to hold. I haven't been able to buy the stocks I want for over 2 years. Let it sink I want it to sink for kiddu one or two years, i have been really waiting! (helmet) A New Kenya
|
|
|
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
|
murchr wrote:Much Know wrote:Will it be a black Monday? It all depends on how Asia trades. Fundamentally the US mkt is very strong. I think the US economy is very sickly and has been on the ropes since 2007 or probably even earlier than that. The main purpose of the stock market is to make fools of as many people as possible.
|
|
|
Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
|
mnandii wrote:I expect 4317 level to hold in the NSE 20 share Index. If it doesn't then things will likely be quite ugly soon. I will post analysis then. 4317 level? What 4317 level? 4,242.73 boys and girls, 4,242.73.
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
lochaz-index wrote:murchr wrote:Much Know wrote:Will it be a black Monday? It all depends on how Asia trades. Fundamentally the US mkt is very strong. I think the US economy is very sickly and has been on the ropes since 2007 or probably even earlier than that. On that.....I disagree. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Member Joined: 1/3/2014 Posts: 257
|
Muthawamunene wrote:mnandii wrote:I expect 4317 level to hold in the NSE 20 share Index. If it doesn't then things will likely be quite ugly soon. I will post analysis then. 4317 level? What 4317 level? 4,242.73 boys and girls, 4,242.73. Looks like @mnandii had predicted sub 4000 correctly http://www.wazua.co.ke/f...mp;m=677095#post677095. Things look bad in the global markets, the rate hike has not halted Kes slide, oil is approaching recent lows and that is even before the supply from Iran hits. @hisah what do you make of this cocktail?
|
|
|
Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
|
tmatekwa wrote:Chinese Stocks Plunge: Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains http://www.zerohedge.com/news/2015-08-23/chinese-futures-plunge-4-open Just saying hi elder, so lost, thanks to the wave you are back. punda amecheka
|
|
|
Wazua
»
Investor
»
Stocks
»
Elliott Wave Analysis Of The NSE 20
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|