THQ,Inc. (THQI) Message Board

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Technology Stocks : THQ,Inc. (THQI)

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To: Sigmund who wrote (3302)	2/6/1998 3:04:00 PM
From: Richard Spitzer	Read Replies (1) of 14266

I believe the 10 percent correction is 10 percent of the range from the bottom of the cup to the top. If the bottom of the cup is at 19 and the top at 23, ten percent is a correction of .40, or down to 22.60. All I know is that I played the cup and handle rule to the letter (according to O'Neill) with LTBG. It formed a perfect cup and handle from 18 to 14 to 18, showed decreasing volume and slight price decrease on the handle, then broke up on large volume to 20. So I bought on the breakout and BAM, down to 17 the same day. So much for cup and handle TA! Glad I'm in on THQI at 8 1/2 <g>. Rich

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