CSE and future

I think this is normal upward trend

Not an artificial or manipulated upward trend

Now the man try manipulate national statistics . Not stock market

He will learn a lesson again very soon again.

econ wrote:Yeah this upward trend is just because of JKH, CTC factor. most of other shares went down.

Hopefully others will follow the trend

Today, within 1 hour  turnover is  Rs 782 mil.  Volume 40+ mil.  Trades 4000+. Can today cross Rs 2 bi ?

Right now market is a bit quiet though with retailers. Let see

Turnover 1.87 billion. Trades 10000+. Volume 130 mil ( mainly due to 63 mil TAP) .

Not bad. Market closed with % marginal up.

If this keeps up, those brokers who want withdraw from market may stay. ( ie but actually there are too many brokers house )

Jan 27th:

Market is at 6228.

Today market dropped about 0.45% so far. If we take out the CTC price increase market drop is about 0.75%.

This drop is healthy and needed for the market to reduce heat. World markets also droped today. Nikkei and Hang Sen much as 2%.

But so CSE to keep it head up without panic ( still see people who panic but it is far less than 1 year ago ) it need to stay above 6200.

So let see.

Btw, there is some panic selling at stock markets in India, Hong Kong, Japan , Korea and Pakistan etc due US Fed decision, and money going back to west.

Note CSE is not really that much reliant on these world effects except for some panic. Also CSE needs to be looked at more from a point of fiew of Sri Lankan growth and present Gov/CB stands.

So if this goes on for another day and if there are people willing to sell share cheap , I am sure some Investor will buy looking at the future.

Update for Jan 28th : Shame , Shame I tell you


To make market healthier for the next run,  yesterday drop was not enough.  This high cap share games are  totally unnecessary and shameful. CTC (this time).

If not for CTC , yesterday  drop would be about 0.8% which would have been very good to reduce some heat and sellers who want to dispose.

What is shameful is less than 200 shares of CTC made  a  last  minute jump from Rs 1300 to Rs 1349  adding + 0.3% to market.  Else it would have been closer to -0.5% ASI drop for the day which was the reality. Now only -0.16% .

Why is this game needed? When market is behaving rather naturally.

This is a wish :  I hope there is another 20-30 drop, before ,market recovers.  Essentially if CTC drops back to Rs 1300 or even below it will do the trick.

But will it happen, I don;t know as some manipulator seems to be at work.    

Let the market behave naturally . The present pattern of the market is very satisfactory to me.  Don;t mess it up for everyone.

slstock wrote:Update for Jan 28th :

To make market healthier for the next run,  yesterday drop was not enough.  This high cap share games are  totally unnecessary and shameful CTC (this time).

If not for CTC , yesterday  drop would be about 0.8% which would have been very good to reduce some heat and sellers who want to dispose.

What is shameful is less than 200 shares of CTC made  a  last  minute jump from Rs 1300 to Rs 1349  adding + 0.3% to market.  Else it would have been closer to -0.5% ASI drop for the day which was the reality. Now only -0.16% .

Why is this game needed? When market is behaving rather naturally.

This is a wish :  I hope there is another 20-30 drop, before ,market recovers.  Essentially if CTC drops back to Rs 1300 it will do the trick.

But will it happen, I don;t know as manipulators seems to be at work.    

Let the market behave naturally . The present pattern of the market is very satisfactory to me.  Don;t mess it up for everyone .

Exactly slstock,they pressed the green button few weeks ago.May be yesterday they wanted to closed it flat or less negative.that means today we can't expect red.
We have to ride on them.I bought few shares before close assuming their aim is the above one.
It was red across the board yesterday but we only closed 9 units down.   

Good, it happened. ASI dropped about 25 point, and CTC also dropped to 1300. If this hold for a while, we can expect recovery late today or maybe starting tomorrow.

slstock wrote:

This is a wish :  I hope there is another 20-30 drop, before ,market recovers.  Essentially if CTC drops back to Rs 1300 or even below  it will do the trick.

slstock wrote:Good, it happened.  ASI dropped about 25 point, and CTC also dropped to 1300.  If this hold for a while,  we can expect recovery late today or maybe starting tomorrow.

slstock wrote:

This is a wish :  I hope there is another 20-30 drop, before ,market recovers.  Essentially if CTC drops back to Rs 1300 or even below  it will do the trick.

Is this to fulfill a technical criteria ? Irrespective of demand and supply ?

Bit of several concepts based on my personal study which include technicals and to reduce over supply.

It would be actually better if the market  closes with 20-25 point ( 0.4%)  down today.

Backstage wrote:

slstock wrote:Good, it happened.  ASI dropped about 25 point, and CTC also dropped to 1300.  If this hold for a while,  we can expect recovery late today or maybe starting tomorrow.

slstock wrote:

This is a wish :  I hope there is another 20-30 drop, before ,market recovers.  Essentially if CTC drops back to Rs 1300 or even below  it will do the trick.

Is this to fulfill a technical criteria ? Irrespective of demand and supply ?

slstock wrote:Bit of several concepts : technicals, to reduce over supply and  my  own study.

It would be actually better if the market  closes with 20-25 point ( 0.4%)  down today.

Backstage wrote:

slstock wrote:Good, it happened.  ASI dropped about 25 point, and CTC also dropped to 1300.  If this hold for a while,  we can expect recovery late today or maybe starting tomorrow.

slstock wrote:

This is a wish :  I hope there is another 20-30 drop, before ,market recovers.  Essentially if CTC drops back to Rs 1300 or even below  it will do the trick.

Is this to fulfill a technical criteria ? Irrespective of demand and supply ?

Hmmmm... So,is it the length of time that it has to stay 20 points below ? or the volume traded while 20 points down ? How technicals actually work is still a mystery to me.    

Backstage wrote:..........
.........................

How technicals actually work is still a mystery to me.    

If there is no mystery....., how these inventors (of Indicators) ,educators, teachers, book writers , Gurus,  pundits make money ?

see this...........,
http://www.bollingerbands.com/

To simplify,  the number of Down days  ( length of time ) matters  to reduce  unwanted heat with other factors.

Also other than that, after watching market for  long time you  tend to develop your own "observations"  (lets just say)  

Some technical indicators can also confirm to support your observations ( at times)  1 million bucks for further details haha.


Btw Knock, personally I never followed Bollinger so far. Maybe I should just to find out their effectiveness at CSE.

But Bollinger is not clear cut either. Some people buy at upper band and some people sell at upper band.

Backstage wrote:

slstock wrote:Bit of several concepts : technicals, to reduce over supply and  my  own study.

It would be actually better if the market  closes with 20-25 point ( 0.4%)  down today.

Backstage wrote:

slstock wrote:Good, it happened.  ASI dropped about 25 point, and CTC also dropped to 1300.  If this hold for a while,  we can expect recovery late today or maybe starting tomorrow.

slstock wrote:

This is a wish :  I hope there is another 20-30 drop, before ,market recovers.  Essentially if CTC drops back to Rs 1300 or even below  it will do the trick.

Is this to fulfill a technical criteria ? Irrespective of demand and supply ?

Hmmmm...  So,is it the length of time that it has to stay 20 points below ? or the volume traded while 20 points down ? How technicals actually work is still a mystery to me.    

Update for  Jan 29th:

:-)  The drop today was 27 points  0.43% ( around what was expected ).

It is important market  does not fall below 6200 will large volume.  

 omorrow the market needs to end  flat ( closer to flat) or end up in green .

If it goes to plan,  will be happy with  the present market behaviour  for a sustainable further run.


Note : Am updating to give some input  to  so many people in the forum still worried due to continous Bear attacks.

The above is based on my personal opinions and study.  I cannot be held responsible if market behaves differently to my want  ( I wish it would behave the way I want always)

I know , if I am proven right nobody will say so or thank . But if I am wrong there will be many with daggers in hand. Sad fact of human psycology.

Yesterday ASI graph shot up suddenly today shot down.Better if someone can come up with two images.

If the read above posts you will see why it shot up and shot down. No graph necessary

nimantha80 wrote:Yesterday ASI graph shot up suddenly today shot down.Better if someone can come up with two images.

slstock wrote:If the read above posts you will see why it shot up and shot down. No graph necessary

nimantha80 wrote:Yesterday ASI graph shot up suddenly today shot down.Better if someone can come up with two images.

I know it,just a little joke. under each graph CTC price movement should be mentioned.Reason for red today yesterday's CTC. and tomorrow green. Garanteed.

so stock .........
I understand ur say.......
It's about reliability n consistency of the way of going up......
Keep it up!

Guessing early, that Today is going to end up in Green.  

If we can have big volume  / turnover it will be good for the market.

CTC is used to raise or drop the ASI by about 0.3-0.5% daily.

slstock wrote:Update for  Jan 29th:



 omorrow the market needs to end  flat ( closer to flat) or end up in green .

If it goes to plan,  will be happy with  the present market behaviour  for a sustainable further run.

Thanks SLS for providing these advice.

Even if tomorrow results red, Even though the red color dominated on few days we can expect bullish trend continue IFF <=>
- observe good absorbing mechanism in selling
- down words in selected stocks and noticeable collecting in some other stocks
- if foreign keep on start buying as yday
- when bank and finance sector stats rally
- if SL prepare a strong backup for March Geneva event. (Despite of eh false alarms of LTTE favorable western voices)
- may be good year end results and selected counters.
- raise of fallen giants (w.r.t NAV/Earnings)

31st Jan :

With about 35 minutes to go, turnover at Rs 1.03 billion .

Crossing so far only Rs 75.0 million !!

Retailer are coming back it seems with this Fin sector merger .

Ended at 1.33 billion. Foregin Inflow 210 mil today . Not bad, after yesterday selling.

Also time to read the below
http://forum.srilankaequity.com/t32521-bank-fin-merger-hype-warning

Anyone like my Avatar  

slstock wrote:Anyone like my Avatar  

Tomorrow maybe around Flat or Green.

slstock wrote:Anyone like my Avatar  

I can understand meaning behind that. But…………………….

Don't think of quitting this forum SLS   

We need you 

slstock wrote:Anyone like my Avatar  

i like it !

i saw it a couple of years back at that museum in philly ! after paris, the philly one has the main collection.

i hope we are not yet at the Gates of Hell though  

No we are not at the Gates of Hell haha

Actually today a good thing happened on a technical  grounds :-).

It is important next trading day  it is closer to Flat or Green.

Today inflow over Rs 290 mil.

Nice to see few illiqd high caps falling,
GSF,SHAL....etc