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

To: Raymond James Norris who wrote (13196)	2/10/2000 2:22:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 14266

When you say "didn't break the major uptrend line", are you referring to a chart of today, or the one that existed at those points in time? On 1/6/99, the stock hit 32 1/8/share(21 13/32 split adjusted to today's prices). On 3/24/99, the stock touched 16 3/8/share(10 15/16 split adjusted to today's prices). A 49% decline does not break the trend that existed during that time period? Here is another one: On 7/21/98 the stock hit 36 1/16(16 1/32 adjusted for 2 splits since then). On 9/1/98(1 wk after the first of those two splits), the stock hit 9 1/2(14 1/4 relative to the 7/21/98 value split adjusted; 6 5/32 relative to today's prices). A 60% decline does not break the trend, that existed during that time period?? I agree that viewed two years back from today, those "corrections" may not depart from the trend, but they were certainly significant at those respective points in time. TG

To: Raymond James Norris who wrote (13196)	2/10/2000 3:51:00 PM
From: Osaka Joe	Read Replies (2) \| Respond to of 14266

A different TA perspective: In "Trading for a Living", Alexander Elder claims that the MACD-Histogram is "one of the best tools available to a market technician". I have been applying it to many beaten-down stocks recently and noticed a divergence between THQI's lows and the MACD-Histogram's lows. While the stock price in February is lower than in December, the Histogram is higher. Elder says divergences between stock price and MACD-Histogram "give some of the most powerful messages in technical analysis... and identify strength at market bottoms. They give buy signals when most traders feel fearful about a breakdown to a new low!" Yes, the break of the five-year trend line indicates that bears are stronger than bulls, but some Technical Analysts might call that condition "oversold". Any comments? Does anyone have other ideas on how TA can identify bottoms? Joe