I will print you a Tshirt that says..
"I was hopelessly wrong about GCN. Ask me how."
Similar to this one.
SKC = Steve Keens Child???
If this company can get a listed valuation half the size of Cabcharge within a year i'll do something drastic also
SKC = Steve Keens Child???
If this company can get a listed valuation half the size of Cabcharge within a year i'll do something drastic also
The action takes place on a field
But the action is the field
and the half way point ++>IS THE ONLY WAY YOU CAN KNOW AHEAD OF TIME. WHERE THE FIELD IS and HOW IT IS MOVING.
WHAT ELSE MATTERS
Here are three others
(1) The Price movement
(2) The Time elapsed in each movement
(3) The Comparative lifting power or pressure of each movement
Prawn do you use TA , FA or NA ( No Analysis )?
I've stated my thoughts.
I just think those holding for fundamental reasons should be very careful they are not left holding this stock for the "long term" when/if it goes below their buy price.
I'm actually surprised by your semi snide remarks Motorway.
Little to go on in the announcement in regard to assumptions and what they are based on..
A trade has to be opened and Closed
Ok we can all measure the halfway points==> current zone is .05 , .054 , .058
This shows that in order to get a company from 0 to say $25m profit (apply 10x pe would give the market cap of 250m) is virtually impossible. I dont think even Facebook grew at that rate...
What's Facebook?
THE EXPANSION AND CONTRACTION of the AGGREGATE TIME HORIZON is THE PROXIMATE CAUSE OF ALL TRENDS..
The point is .
IT HAS TO BE CHANGING and it is THE WORK on the "FIGURE CHART" that CHANGES IT...... But when ?
We have to be able to identify BEGINNINGS and ENDS and tell the difference. We have to understand the LIFECYLE of a CAMPAIGN and how to coordinate CHARTS of DIFFERENT SCALES .
In order to know when a FLUCTUATION / VIBRATION is real WORK that is BUILDING A CAUSE on the LARGER TIME HORIZONS and not just CHOP and CHURN.
CHAOTIC FLUCTUATIONS characterize the BEGINNINGS and ENDS for VERY GOOD REASONS and are a TELL TALE SIGN..
Here are three others
(1) The Price movement
(2) The Time elapsed in each movement
(3) The Comparative lifting power or pressure of each movement
When you are looking for an opportunity to buy, watch for the down waves
in the market and in your stock. RDW
1) Is there potentially an increasing "Population of Interest"
2) Is there a steady stream of favourable events ?
3 etc
Action really narrowing down. ( a lot of the noise gone )
Need to see support confirmed now
.05 would be great
.047 would be fine
.045 would be OK
below that would be a lower low.
( question to ask then is why should there be a lower low )
Did you mean from a fundamental or technical perspective?
As I have said a thousand times, no manipulation can put stocks down and keep them down. There is nothing mysterious about this. The reason is plain to everybody who will take the trouble to think about it half a minute. Suppose an operator raided a stock -- that is, put the price down to a level below its real value -- what would inevitably happen? Why, the raider would at once be up against the best kind of inside buying
The people who know what a stock is worth will always buy it when it is selling at bargain prices.
Echoing back Through Reminences , Wyckoff and Charles Dow--->
It is best summed up by understanding that when a stock gets to be too cheap, it will stop going down. As long as it is still going down, it is not too cheap!
The people who know what a stock is worth will always buy it when it is selling at bargain prices.
These people are those who know it is a bargain TECHNICALLY or FUNDAMENTALLY or Both or whatever
As I have said a thousand times, no manipulation can put stocks up and keep them up. There is nothing mysterious about this. The reason is plain to everybody who will take the trouble to think about it half a minute. Suppose an operator ramp up a stock -- that is, put the price up to a level above its real value -- what would inevitably happen? Why, the ramper would at once be up against the best kind of inside selling
The people who know what a stock is worth will always sell it when it is selling at inflated prices.
Do you think your analysis on the fundamentals would be clouded by what you see on the technical? It is difficult to remain unbiased when another perspective appeared to be so conclusive...
Which aspects of the fundamental GCN story do you find compelling?
Isn't the opposite also true?
The point we fail to remember is that public opinion in a speculative market is measured in dollars, not population. One man controlling one million dollars has double the weight of five hundred men with one thousand dollars each.
This is why the great body of opinion appears to be bullish at the top and bearish at the bottom. The multitude of small traders must be, as a plain necessity, long when prices are at the top, and short or out of the market at the bottom. The very fact that they are long at the top shows that they have been supplied with stocks from some source.
Again, the man with one million dollars is a silent individual. The time when it was necessary for him to talk is past - his money now does the talking. But the one thousand men who have one thousand dollars each are conversational, fluent, verbose to the last degree; and among these smaller traders are the writers - the newspaper and news bureau men, the manufacturers of gossip for brokerage houses.
It will be observed that the above course of reasoning leads us to the conclusion that most of those who write and talk about the market are more likely to be wrong than right, at least as far as speculative fluctuations are concerned. This is not complimentary to the "moulders of public opinion," but most seasoned newspaper readers will agree that it is true.
The psychological aspects of speculation may be considered from two points of view, equally important. One question is, What effect do varying mental attitudes of the public have upon the course of prices? How is the character of the market influenced by psychological conditions?
A second consideration is, How does the mental attitude of the individual trader affect his chances of success? To what extent, and how, can he overcome the obstacles placed in his pathway by his own hopes and fears, his timidities and his obstinacies?
The emergent trend is heralded by Precursor and Catch up effects !
The ending trend is in turn by Overshoot and delayed ending efects
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