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How to tell NSE has bottomed out
Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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woooa ! and safcom is the bellweather stock ...Mhhhh! but i have seen this behavior previously .
i wounder why its signaling a bottom as some are saying this time !~!! i dnt buy it !
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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QW25081985 wrote:woooa ! and safcom is the bellweather stock ...Mhhhh! but i have seen this behavior previously .
i wounder why its signaling a bottom as some are saying this time !~!! i dnt buy it !
i also don't but it....yet. 93m is good volume, lets see if sustainable. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Aguytrying wrote:QW25081985 wrote:woooa ! and safcom is the bellweather stock ...Mhhhh! but i have seen this behavior previously .
i wounder why its signaling a bottom as some are saying this time !~!! i dnt buy it !
i also don't but it....yet. 93m is good volume, lets see if sustainable. safaricom is rallyin coz of that cck report ...i think if you have some holding and can sell at breakeven its nice to offload now
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Safaricom is now overbought, look at the spike in volumes...Go with the money is not the best in this case.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=the deal] 5 Cardinal Signs that the NSE is bottoming
Oh how we all wish we had the powers to tell in advance that the market is about to reach it's peak and it's time to sell and buy at the bottom when prices are at their rocky bottom? that way we could shield our portfolio's from losses and beat the market time and time again, but since figuring out market tops and bottoms has proved elusive to investors World wide what are the cardinal signs of a market bottom? According to an article published on the Motley Fool way back in October 2008 and my own research, it listed the following indicators as signs of a stock market bottom? Read more on this link http://www.contrarianinv...at-the-nse-has-bottomed[/quote] @the deal do you have a "Investment Advisor" licence from the CMA? continue calling yourself "we" until CMA come calling... utafungwa! Life is short. Live passionately.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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sparkly wrote:[quote=the deal] 5 Cardinal Signs that the NSE is bottoming
Oh how we all wish we had the powers to tell in advance that the market is about to reach it's peak and it's time to sell and buy at the bottom when prices are at their rocky bottom? that way we could shield our portfolio's from losses and beat the market time and time again, but since figuring out market tops and bottoms has proved elusive to investors World wide what are the cardinal signs of a market bottom? According to an article published on the Motley Fool way back in October 2008 and my own research, it listed the following indicators as signs of a stock market bottom? Read more on this link http://www.contrarianinv...at-the-nse-has-bottomed[/quote] @the deal do you have a "Investment Advisor" licence from the CMA? continue calling yourself "we" until CMA come calling... utafungwa!  CMA can not funga a non commercial blog.
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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the deal wrote:Safaricom is now overbought, look at the spike in volumes...Go with the money is not the best in this case. wewe ! haiya ..you'll be left holding mokies ...you better know the general trend of the market ... safaricom a foreigner dominated share rallies yet kcb ,equity , co-op which are also have high foreigner activity DO NOTHING !!!! . read the signs.bottoming bado...cannt wait we test that 3k market and slice through it !
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Reprieve for Kenyans as fuel to cost less http://www.nation.co.ke/...4/-/9kxev2/-/index.html
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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i felt the reprieve today when i fueled! Also i got 45. Units of power for 450 bob, which before would've only got me 20-25. Me thinks, one of the ingredients of market recovery have been added to the pot, low inflation. I expect a significant reduction in inflation next month. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Aguytrying wrote:i felt the reprieve today when i fueled! Also i got 45. Units of power for 450 bob, which before would've only got me 20-25. Me thinks, one of the ingredients of market recovery have been added to the pot, low inflation. I expect a significant reduction in inflation next month. Good stuff... Let Fuel & Energy inflation relief underpin a recovery in Q1 as the long-rains bolster growth as from Q2 and beyond 
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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You would have thought with the ICC lurking, the market would grind to a halt. Still, strong demand for Equity and Safaricom today... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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EAPORT 56.00 +2.75% - I thought CMA suspended this thing! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Btw, I was very pleased to buy some Mumias sugar from Uchumi today @165/kg down from 200/kg! Eish..the Jan-Feb inflation figures will be very exciting!
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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eehhehe. if you cld give us some explanation it would be nicer !
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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We will need huge entry (buy) volume to breakdown 3400 - 3500 resistance (selling zone). As in enough buyers to clean out the sellers around that level. The other critical selling zone is 4000 - 4100. When this is cleared, the bulls will be ready to go forward without fear. Still a long way before the party starts...
Also the number of NSE firms issuing profit warnings (blue chips to boot) is not yet well reflected by the prices. The bad news is not yet baked into the market IMHO esp now that I've come across a number of 'analysts' reports saying so (i.e. the market has baked it in). The optimism is still high. These analysts' reports need to become bearish to signal a major turnaround.
Support for now is still 3000 - 3070. If that breaks, it won't be funny.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Btw anyone noticed that NSE20 index closed the month of Jan 2012 less than 1% up...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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hisah wrote:We will need huge entry (buy) volume to breakdown 3400 - 3500 resistance (selling zone). As in enough buyers to clean out the sellers around that level. The other critical selling zone is 4000 - 4100. When this is cleared, the bulls will be ready to go forward without fear. Still a long way before the party starts...
Also the number of NSE firms issuing profit warnings (blue chips to boot) is not yet well reflected by the prices. The bad news is not yet baked into the market IMHO esp now that I've come across a number of 'analysts' reports saying so (i.e. the market has baked it in). The optimism is still high. These analysts' reports need to become bearish to signal a major turnaround.
Support for now is still 3000 - 3070. If that breaks, it won't be funny. I see alot of life in that chat, as long as the NSE20 does not trade below 3078 we have bottomed, a break out above 3500 will confirm the bottom...for now we are still trading in the 1 year bearish channel.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Eh... Houston we got a problem aboard... No wonder NSE is seeing anaemic volume since 2010... That pension scheme behaviour is a socio-economic worrying trend & gubberment needs to look at it carefully. If workers feel their pension funds are losing value with minute job growth or investment opportunities, you end up with a restless middle class. That's a hot political powder keg that can bring down any regime. It is happening in euroland & the labor strikes & riots are increasing... http://bit.ly/wBYI0m$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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