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Technology Stocks : THQ,Inc. (THQI)

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To: Mr. Aloha who wrote (13312)2/11/2000 9:07:00 PM
From: Mr. Aloha  Read Replies (1) of 14266
 
One more thing.

Regarding the markets..

The Dow Theory has a .900 batting average with the bull/bear movement.

Today Oil prices are at $29.50 and the Transportations Average continues to fall.

Either the Transportation average is going to hafto rebound or the Dow will need to come back down. ONE of them WILL happen. If the Transportation stays at this level or moves lower, the Dow is likely to break down below 10,000 and go to as low as 8000-8500.

One important factor is a possible OPEC decision to increase oil output to their previous level in early 1999 - don't know yet.

Here's a chart.
quote.yahoo.com^DJT&d=5ys

This is what caused so much trouble in the 70s and '91(minor)
quote.yahoo.com^DJT&d=mys

Keep this in the back of your mind.

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