I bet there is a little bit of wondering going on right now :o)
Looking at MACD, which has been a very reliable trending indicator for THQI in the past, it appears the bus may be heading North in about 1 week.
During this necessary pause to balance the surge in momentum that pushed us to $30, there really has been very little retreat to speak of. While the price has remained for the most part above $27, MACD has been come all the way down from 2.4 to the current .17
Last season, the moment MACD reached 0, the price of the stock began another ascent, which resulted in an approximate 33% increase in the price per share by early March, 1998. If the pattern hold true, we can possibly see $38 to $40 by March of this year. Pass me the ball :o)
All aboard, the numbers are going to support the technicals again; it's time to celebrate, and as usual right when everyone is beginning to wonder what is going on!!!
Rugrats, JB
P.S. I owe Todd a wooden nickel, my son's Cub Scouts Pack (Pack 555, Best in the West :o) is having a Gold Rush theme event, he just happens to have one as a result, so I got lucky :o) |
