Christopher-
You seem convinced that THQI is not trending. It depends upon your time horizon. If you look at a 2 year chart, THQI is still trending upward. If you look at a 2 month chart, THQI is in a trading range. As I'm sure you're aware, TA incorporates a strong time component. Therefore, THQI is either trending or trading, depending upon your point of view. If it violates its short term MAs, but doesn't tank, it can be deemed to be in a trading range, within that time horizon. I am not a short term trader (nor am I much of a trader at all), so I still see THQI as trending upward. After all, look at how far above the 200-day MA the stock is trading. It's just waiting for some fundamental news--A reminder of THQI's undervalued state.
Hopefully, we'll see a WCW Nitro press release tomorrow.
Todd |
