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Technology Stocks : THQ,Inc. (THQI)
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To: dave brown who wrote (2554)12/14/1997 12:25:00 AM
From: Christopher  Read Replies (1) of 14266
 
Dave, Chart pattern reading yield very good results.

I have two book on chart readings. The first one is called
"Technical Analysis Explained" by Marting Prings and the second
book is called "Technical Analysis of Stock Trend" by Robert
Edwards and John Magee. I also have several other books on TA indicators like "Market Momentum" by Martin Prings. TA indicators is
not an exact science. It is an art. While a chart can show two
tops with the second top higher indicating an uptrend in effect, an
indicator like RSI or ROC can show a lower second top indicating
a reversal. This is called divergance. Divergance is extremely
reliable. You can sell stock long before it start to go down and when
every one is buying it. You can also buy it before it start going up.
In any case, with TA you may be able to get in very early making the
most profit and get out very early and suffer almost no loss at all.
If you don't beleive what I am saying here then it is your previlage.
I know from studying may stocks here on SI that TA indicator works.
I have a book called "The Encyclopedia of Technical Market Indicators" written by Robert Colby and Thomas Meyers. They tested many TA indicators and applied them to data of over 50 years from past history
and they rated the accuracy of these indicators. None is 100% reliable and some are not reliable at all but a good number proved
to be reliable.

Anyway, no one can really convince you of anything. However, I don't
know if you have been on "56 TA" thread. Doug R. is an expert in
TA and many people on the thread have made a lot of money from
his recommendations and in some cases doubled their money in one
month or two. CADE was one of his recommendation and many peolpe
doubled their money with this stock.

Chris
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