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GCN - GoConnect Limited

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Joe Blow said:
Specifically, what "company makers" are you referring to you and when did the company indicate that these announcements would be made during the next two to four weeks?
Click to expand...

Joe,

the WiFi Ann, is way overdue,

Priority 1 listing, PON is overdue,

Cornerstone investor/s injecting up to 5 million bucks at 30c is overdue,

Chairman and Stafford currently in Hong Kong where GCN have entered into a MOU with a Chinese gateway company of which there are only 4 licensed by the Chinese government, ie like PayPal here in Australia

These dates and timelines can be found in previous ann's, the business show interview in one of the ann's, and were all heavily discussed at the AGM I attended.

thank you for the interest Joe
 
Best Outcome here is for .044 to be intra day support and then a close at a high for the day.

It has been doing this all the way up
making resistance support.
.044 is the current level that could happen at.

We see.

It is the backing and filling
The Fluctuations that make a HEALTHY trend
That is how overhead supply is removed and how the
Trend is Tested.

SO its better to dip to .044 and then close strong
Than to just go up all day and close strong.

You need to put things to the test , or see them put to the test to really know how strong they are.

Consider that YOU want to clear OVERHEAD SUPPLY.
That will not happen if prices do not correct and test the trend

Sellers need to SELL... If price just went up they wouldn't . They would hold off and raise there offer or remove it. But only temporarily and it does not mean they are not there and having there effect===> RESISTANCE.

Contingent Supply and Demand are Just as IMPORTANT .

Motorway
 
Looks tremendously setup for a strong move up.

Your observation could not be more on the money imo

Any buying taking prices up
should be the real thing.

Because it will be

NEW Initiatory Buying ( from above support )
Not like today which was
responsive buying ( from below support).

look at the last three closes

.045 up/down .045 down/UP .045
will put some charts up latter no doubt :)


Motorway
 
motorway said:
Looks tremendously setup for a strong move up.

Your observation could not be more on the money imo

Any buying taking prices up
should be the real thing.

Because it will be

NEW Initiatory Buying ( from above support )
Not like today which was
responsive buying ( from below support).

look at the last three closes

.045 up/down .045 down/UP .045
will put some charts up latter no doubt :)


Motorway
Click to expand...

Volume at .047 has ended the move.
We did not get any
NEW Initiatory Buying ( from above support )
Click to expand...

It is tracking sideways in a trading range . Many will be looking for a break back above .047
Maybe even .048 ( There was no volume there just some momentum ).


Mistake ! more important is what happens around .042/.044 and in between.

That is where we will see the Springboard.

The move has Corrected and will now setup for the next one.

As I have said .. No Markup Here YET.

These are small moves within a trading range of Accumulation atm

Motorway
 
Have to be happy with today's action !
There has been little effective supply ( tests at .042 ) and the bulls started to wake up!
And there were some rising supports !

Nicely "balanced" imo

Motorway
 
motorway said:
Have to be happy with today's action !
There has been little effective supply ( tests at .042 ) and the bulls started to wake up!
And there were some rising supports !

Nicely "balanced" imo

Motorway
Click to expand...

The Stock has washed out all shorter Time Horizons

It is now well set up.

Would seem to be on the springboard .

It is tracking sideways in a trading range . Many will be looking for a break back above .047
Maybe even .048 ( There was no volume there just some momentum ).


Mistake ! more important is what happens around .042/.044 and in between.

That is where we will see the Springboard.
Click to expand...

Expansion==>Contraction===> now time to watch closely.

Motorway
 
OK no interest so will leave the thread with an updated chart.

GCN+.001+x+1+FULL+19Jan2012.png


A chart like this provides its own interpretation in any case.

Hint the current action is very much the same as the reversal pattern at the bottom.
..................imvho...........:2twocents


Motorway
 

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Chasero said:
Been following ur analysis of GCN with interest Motorway!
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Dr S & GG too.

OK I will.

The last chart on my blog contains a yellow box. it counts back 100 million shares.

Consider there has been 100 million shares transacted and sitting above the current price now.

Consider three hypothetical scenarios of stock XYZ

everyone bought at 1 and the price is 10

everyone bought at 20 and the price is 10

EVERYONE recently bought at 10 and the price is 10

One of these situations will allow significant price movement
will facilitate significant price movement.

NOTE the word allow. It is not a given.

I will update the thread later.

With volume sitting above price consider what effect that cause could have ?
it is not as simple as = DOWN
It depends on who is selling and Who is buying

"There are three time frames in any marketplace: the market imposed time frame, defined by the operating hours of the exchange; the participant time frame, which is the individual trader’s time frame for buying or selling; and the opportunity time frame.
The opportunity time frame is a moment in the market that forces a participant to act because of the favourable price opportunity it offers." J. Peter Steidlmayer

THIS --> "the participant time frame" at least Three of these interacting. this is the who I refer to.

Today's close might reveal



Motorway
 
"A chart of the most recent action displaying Mid pattern rally.
Test Through support forming a possible "Recoil Pattern"



GCN+24+jan+12.png


Important "lines"
At .04 ( The four 0s )
and at .043

The one X at .038
is the Higher Low seen on the other charts
It is the last point of SUPPORT

(Here is the 5 Reversal Chart)


GCN+Course+of+Sale++5+Rev+.001++24+jan+2012.png


What do Fluctuations achieve ?
What does the mid pattern rally facilitate ? The way ahead !

For price to go UP sellers need to SELL. For prices to go down BUYERS need to BUY.

Only Then.

Look for a move UP from the close at .04 ( The last Purple 0 ).

Look for Expansion in Price and Volume

Look carefully at .043 ( The possible move past the X at .042 )

Then for Resistance at .048 ( remember--RESISTANCE IS ALWAYS MET UP AHEAD )

esp LOOK for a "JUMP"
IE The recoil = The back-up

The Danger Point is .038 !

Anything is still possible.

FEEDBACK and the STUDY of RESPONSES is what matters

Not PREDICTING... But FORECASTING"

Motorway
 

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Dr.Stock said:
Also following this Motorway-keep it up.

ps The on balance volume looking sluggish though.

pss thanx for the analysis. I hold.
Click to expand...

OBV can go down it can go up , It can be convergent or divergent

It can mean in all cases Accumulation Distribution or NOTHING

WHY ? There is the last 6 days of action on the chart posted ( The X chart ) ( and 6 days just happen to be the duration of the pattern ),

Which is the most important Price ( BOX ) on those days ?

The OPEN ? CLOSE ? HIGH ? or LOW ? of each of those days ?

No ! The Prices that had the most action. THE LINES with the most Xs and VOLUME are the most important and the same with every other day or days .

In other words the OBV is being defined in many cases by the prices that matter the least. It will define accumulation when in fact it was distribution etc .

My :2twocents Motorway :)
 
motorway said:
OBV can go down it can go up , It can be convergent or divergent

It can mean in all cases Accumulation Distribution or NOTHING

WHY ? There is the last 6 days of action on the chart posted ( The X chart ) ( and 6 days just happen to be the duration of the pattern ),

Which is the most important Price ( BOX ) on those days ?

The OPEN ? CLOSE ? HIGH ? or LOW ? of each of those days ?

No ! The Prices that had the most action. THE LINES with the most Xs and VOLUME are the most important and the same with every other day or days .

In other words the OBV is being defined in many cases by the prices that matter the least. It will define accumulation when in fact it was distribution etc .

My :2twocents Motorway :)
Click to expand...


Thanx motorway

So this slow recoil either allows our gun to fire a bullet soon or if below 3.8 then we need more ammunition in order to fire or is a blank shot
 
Dr.Stock said:
Thanx motorway

So this slow recoil either allows our gun to fire a bullet soon or if below 3.8 then we need more ammunition in order to fire or is a blank shot
Click to expand...

Yesterday

GCN+24+jan+12.png


Today

GCN+25+jan+12.png



The second test at .038 was ONE trade of 41,080 shares. ( we are or should be looking for Exhaustion here ! )

Take note of the line of six 5s.
The seven .043s and now especially the double line of four .04s and four .039s .


Notice also the pattern formed.

"This gives the appearance of a wedge, apex, or dead center"


"So this slow recoil either allows our gun to fire a bullet soon or if below 3.8 then we need more ammunition in order to fire or is a blank shot"

Properly Understood ---YES !

What allows the GUN the opportunity to fire is the final absorption of the LAST SELLER.

For price to go UP sellers need to SELL
Click to expand...


Motorway
 

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More Development of the pattern !
What pattern ?

The pattern of the relationships between --> PRICE , TIME , VOLUME , WORK & ACTIVITY and the patterns in their changing.

Line of Seven .04s now !

GCN+27+jan+12.png



Motorway
 

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motorway said:
More Development of the pattern !
What pattern ?

The pattern of the relationships between --> PRICE , TIME , VOLUME , WORK & ACTIVITY and the patterns in their changing.

Line of Seven .04s now !

GCN+27+jan+12.png



Motorway
Click to expand...



The dead centre?

Life is about to form from the dust!

Thanx for the analysis motorway.
 
GCN+COUNT+30+jan+12.png



Nine .04s ! Nice action at .042 especially

.043 needs to be just a stepping stone to confirm breakout from this corrective move.

Good expansion in the "right" direction today.

All looks good atm.


Motorway
 
Mark Up ?

GCN+COUNT+31+jan+12.png


Who initiated this move ?
Who joined in on this move ?

Who = time horizons


How do we know ?

There is both a vertical and horizontal price-volume dimension !


330 trades -- volume 32,028,864
compare to yesterday !

Thirteen .049s
High Volume Box at .05 ( red X )

Two horizontal levels marked.

The Speed of and the fulfillment of--> The upside objective ?

Other positive attributes ?

Motorway
 
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