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

To: Mr. Aloha who wrote (13194)	2/10/2000 1:48:00 PM
From: Mr. Aloha	Respond to of 14266

My two cents.. The trick with charting is you can only use so much info. You take TWO parts fundamentals, ONE part news and hype and ONE part technical and mix. Fundamentals are the KEY. Technicals are a guide to how the stock is currently positioned, that is all. Fundamentals and future fundamental estimates determine a cheap or expensive stock. There are certain technical elements that can hold a stock back or give it the extra power to move forward. It can be mental. THQI is holding $18 right now because people believe that is a fair price today based on fundamentals. IMO the stock will hold near these levels. When the orange line meets the green line, we are up. quote.yahoo.com We broke down below the 200 day before. The fundamentals, news and hype will determine if we move up, not the charts. The charts tell us we are hanging in mid air below the 200 BUT the fundamentals tell us we are cheaply priced and THAT becomes the indicator - give a few points for emotions (not including further news). By the way, the Worden Brothers "Balance of Power" has been neutral-negative for about 10 trading days. It was showing accumulation during the decline from $28 and then went yellow while we hung out around $22. It was even yellow when we moved to $24, which I thought was strange. It was red yesterday (duh) with everything falling sharply. I don't know what it is today. I expect to see some green (accumulation) again shortly with the money flow moving back from its very low point. It's a tool.