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GCN - GoConnect Limited

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Chart reveals the story

may it continue ( I hold )

A type of fulcrum pattern called "Recoil"

( names are really unimportant ....But some names do capture the dynamics )

I would point out the volume activity along .025 line

The objective to .07... The conforming to trend line

The building of a small stepping stone
( which would not negate the current uptrend if it moves sideways for 3 more columns )

motorway
 

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kennas

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Could be breaking a long term downtrend. Short term up, but mid term I think it needs to crack that resistance between .048 and .05, otherwise it's vulnerable to fall back, and or just trade sideways. :2twocents
 

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Looking OK

a log chart ( I like to look at both... But the difference is not the same issues as with bar & candle charts )

I also like the old name for a P&F chart as a "manipulation detector"

What manipulates is of course some sort of information..

( eg that something good is unfolding ot not )


SSI ended up with a gambling franchise in Shanghai
GCN appears connected in the same way and has its own focus ( media )

a few announcements

and in parallel the chart starts ""detecting" ( basically moving in a particular sort of way )

( because of the flow of money and sentiment.. )



On this chart we see a little more detail in the congestion of the last 5 columns... A breakout out here above the "double top" , and it is moving up atm... I would view as very postive... Given the context of the chart..

A significant continuation of the changing of the behavior

and unlike CXY this is certainly not a traders paradise atm.

DYOR :)

motorway
 

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kennas

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MW, the red lines you have projected up to the East look nothing more than an absolute pluck! Can ypu please provide some justification to that? Cheers... SK
 

kennas

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Sorry, for some reason the system is making me add several lines in to say this:

MW, the red lines you have projected up to the East look nothing more than an absolute pluck! Can you please provide some justification to that?

Let's hope it goes that way, but really???
Cheers... SK
Golly, a Mod shorting the system..... LOL :eek:
 
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They are often called today

objective trend lines

Some of the earliest texts on P&F commented on how
These charts move at 45 degree angles under certain conditions

ChartCraft today ( Dorsey too ) use nothing but 45 degree lines
projected like this..

They are drawn from pivot points

Time is not on the horizontal axis

so it is not a trend line projected through time

But a measure of trend Vs volatility

very much a measure of supply demand dynamics

and a hurdle rate

Trend Lines


Trend lines are very important in point & figure analysis. The saying that ‘the trend is your friend’ is certainly true.


The Bullish Support Line
Stocks above their bullish support line should be assumed to be in long term uptrends.

The line does not connect points and can therefore be drawn immediately when an uptrend begins. It is drawn from the lowest point made after the completion of a bear trend or a significant down move. It is always drawn at a 45 degree angle, intersecting ascending corners of the squares on the chart.

Long positions should be considered while the stock is above the bullish support line.

A break of a bullish uptrend line (that has been in place for a considerable amount of time) is considered to be a bearish event.
from

http://www.investorsintelligence.com/x/using_point_and_figure_charts.html

motorway
 
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It is basic P&F technique

and as minor pivots form
the "internal lines" are drawn
to keep a sensitivity.....


motorway
 

kennas

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MW, still doesn't make any sence to me. Perhaps you can add a glossary to these posts, or something....:confused:

Or, perhaps I need to spend more time analysing P&F....
 
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The building of a small stepping stone
( which would not negate the current uptrend if it moves sideways for 3 more columns )
If the chart is identifying a new information dynamic

( and the chart is defining the "line" marked by the blue arrow as accumulation)

Then the stepping stone has reached the window
where a resumption of the move up could be expected

It is a window, another column across would be OK.
point --->columns are not time but "work"

Time and no work is nothing ( unless the work is hidden )
Work in it's own time is everything ( always )

Scales of Magnitudes
not Frames of time

defines P&F

DYOR :)

motorway
 

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nomore4s

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Some weekly charts of GCN.

First chart is just a weekly over a 5 year period to give a general overview. Second chart is a 18 month period to give a better view of the congestion area.

Nice zone of congestion over the last couple of months with some positive volume, look at where the volume picked up and the effect that volume has had since the lows at under 1c (whoever brought on those lows must be pretty happy). Look at the high closes in this area of congestion, very positive signs imo.

A weekly close above 4.5c could lead to a good break out and hopefully a decent push higher.

I hold.
 

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another column across would be OK
And that is where we are

"another column across"

Again

What is the character ?

If that is a ceiling
what is keeping up there ?

But then maybe it a a floor ?

Interesting
even though it is through
the trend line quite a bit

That trendline has not be negated .

I still hold

But ........Anything could happen from here.

Until it does
Atm my intention is to wait

motorway
 

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In studying the movements of stocks, it is well to have in mind the old saying,
"Stocks must fluctuate."
The flow of fluctuations on this chart have been frozen since the End of 2008

I still hold

But ........Anything could happen from here.

Until it does
Atm my intention is to wait
The stock went into hibernation or it did in fact die...


Harsh conditions are the cause of both conditions
relative to the resiliency of the particular example

But if the stock is still alive then it "must fluctuate"

No movement on this chart yet ( it is scaled to identify a more significant (The Significant) reversal . But The market depth has shown some life esp on Thursday..

Market cap got down to below 4 mil dyor :)

There is over a year of fluctuations on this chart...

At the end is a dampening pattern
with lower tops coming to an end ( froze ) in Jan ( The 1 )

Supply shifted down and then evaporated ( rotated away )
Demand was not too keen either though there were bids available..

Maybe it is wake up time

Two things now would help

A positive series of events that leads to an increase in the population of interest ( that is what an event is as distinct from news that often is not an event , So these two things are really the one thing )

Real events cause fluctuations that will show up on this chart..

An event can be anything ( even some ones technical signal , even related to the broader market ) and need not be news ( often isn't ).... The response ( esp at the half way points )then becomes important .

Market cap might be low
But so would be cash on the balance sheet..

last sale was .009

motorway
 

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log chart 16% X 1

16% :eek: all the talk about square root scales
and how prices trend etc

( It is the Log equivalent of the .00035 X 1 Chart )

If the stock froze only because of market conditions
And normal service is to resume ( ie the dynamics unfolding from the prior bottom )

These are the signs we would expect to see

There is a Higher LOW
and an IMPULSIVE move up form that low

( dull to active acceleration )

one or two boxes up ( esp three )
and a high is broken in the sense of angles

The more I look at Gann the more I see P&F

eg "angles are extensions of bottoms and tops ---- When you buy or sell on an angle you are buying or selling at a top or bottom..

But units on the P&F are of work
And we are not predicting anything ( in the sense of time ) But measuring
The dynamics unfolding and the technical positions being created..

motorway
 

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Looks like this was only of technical interest when it was of any interest at all - however...

Their speeding ticket caught my eye today and from a fundamental point of view it also caught my interest. Something called IPTV - like Voip but with pictures. This means basically TV on demand - telstra have just started advertising their 'T box' which I think you need to access this type of new fangled idiot box - I assume Go connect will be providing a channel?? The Goconnect model is a music channel, their revenue will be from advertising. They say that they are the only listed IPTV company in Australia - couldn't make much sense of their investor presentation, but planning to look further. Could be a good speccie as an early adopter - maybe a takeover target for a bigger fish.

For reference up 0.9c to 3.7c intra hi of 4c.
 

J&M

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this was in the Eureka report where David H recommend a buy

he brought 10,000 at .028 not with real money
just a recommendation of what the readers of the report may choose to buy
There is also a full page noting the reasons to buy these shares

If you want the full copy of the notes Will try to copy and past it
let me know

I am a reader of Eureka but at this time chose not the buy these shares

James
 
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this was in the Eureka report where David H recommend a buy

he brought 10,000 at .028 not with real money
just a recommendation of what the readers of the report may choose to buy
There is also a full page noting the reasons to buy these shares

If you want the full copy of the notes Will try to copy and past it
let me know

I am a reader of Eureka but at this time chose not the buy these shares

James
Dear J & M

Like you I also refrained to commit on this one even Speculator recommended it.

Some times his fluke does work as there are many more recommendations where the prices he bought have not rose up.

I do not hold GCN and may I bring your attention to the copyright issue often published by Joe Blow. Please check that before publishing the Eureka Report in ASF .
 
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If you want the full copy of the notes Will try to copy and past it
let me know
perhaps you could put up a synopsis? I reckon there might be something in this - traded it today, but want to spend some time understanding exactly what this IPTV is all about and what GCN have got to make it work for them. My initial thoughts are that IPTV is the first step in the right direction towards removing the need for illegail downloads. 'on demand' TV. how good would it be to not have to worry about recording another program again, or not stressing about opening your computer up to file sharing net works (or the concern that some media company decides to make an example of you in the courts..)

If I find time to do it I'll post my findings....
 

J&M

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perhaps you could put up a synopsis? I reckon there might be something in this - traded it today, but want to spend some time understanding exactly what this IPTV is all about and what GCN have got to make it work for them. My initial thoughts are that IPTV is the first step in the right direction towards removing the need for illegail downloads. 'on demand' TV. how good would it be to not have to worry about recording another program again, or not stressing about opening your computer up to file sharing net works (or the concern that some media company decides to make an example of you in the courts..)

If I find time to do it I'll post my findings....
hello D D
I have sent you a PM with the David H report
I know nothing about IPTV so will take some time to find out a little more
Like Miner has stated Not all the recommendation from David H come good
but he had a good track record last year. This year not so good but its early days yet
 
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On Friday again jumped 14%. This stock is tempting me. I also read the report and speed ticket answers. Will it continue to rice or can fall back.
 
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This has come well and truly back to life
Some volume coming in
Like the look of the action

key levels marked

it already looks like the pattern of failures after all the excitement
has changed

expect some resistance if it does start to breakout

I hold

Motorway
 

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