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Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Marc Newman who wrote (11107)	6/25/1999 1:18:00 PM
From: Quad Sevens	Read Replies (1) \| Respond to of 14266

<< Btw, I was talking to Wade today and he pointed out that our chart looks pretty darn good. Above the 20 and 50 DMA, and making a third try to break out. He said that on a lot of charts he looks at, third time's the charm. >> Wait a second there buddy. I said THQ's chart basically defies description. Nevertheless, there are some good things there--if you crane your neck a bit. We had two recent highs in the 27-28 area. A good principle for a trader is to the sell the second high; that certainly would have worked here. After that, the odds seem to go up on breaking through the old high, assuming fundamentals are intact and the market doesn't crater. We also had a kind of double bottom around 22, although that was quick and dirty and far from classical. So there's something to be said for THQ's chart. And what do I know about TA? Not much, but I like THQ here anyway.