**KENYA RE**So the Kenya Re high at 20.75 on 20 Jan 2014 was a fifth wave. Subsequently, the share price dropped to 17.80 to make wave A. It then rose to 21 in a three wave move consisting of wave [a], [ b ] and [c] which appears to be a zigzag formation. The expectation is for a drop below 17.80 level in the coming days.

__Fibonacci__Wave A = (20.75-17.80) = 2.95

Wave B = (21.00-17.80) = 3.20

Wave A and B are the first legs of an expanded flat.

The 'B' wave of a flat usually equal 1.236 or 1.382 of wave 'A'.

So we multiply wave A by 1.236 and 1.382 and add the result to 17.80 (the end of wave A) to find the end of wave B.

First, using 1.236:

2.95 X 1.236 = 3.65

3.65 + 17.80 =

**21.45**Then, using 1.382:

2.95 X 1.382 = 4.08

4.08 + 17.80 =

**21.88**The share price topped at 21.00 and turned lower. So wave B moved to within the Fib target of 21.45 being wave A X 1.236.

Wave B is composed of waves [a], [b], and [c].

We also look for Fib relationships. Being a zigzag, wave [c] was expected to be equal wave [a],

__OR__ be 1.618 X wave [a].

Wave [a] = (20.25 - 17.80) = 2.45

Wave [c] = (21.00 - 18.10) = 2.90

So, our wave [c] is approximately equal to wave [a].

It is noteworthy that after hitting 21.00 the share price dropped sharply. this appears to be the first leg of the impulse wave down and is analysed below.

SUMMARY:

Kenya Re share price, as had been earlier suggested, should drop in the coming weeks.

**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.**