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

To: Todd D. Wiener who wrote (3080)	1/16/1998 1:15:00 AM
From: StaggerLee	Read Replies (1) \| Respond to of 14266

StaggerLee reiterates his short and intermediate-term (and long-term) Sell recommendation, noting THQI's ytd return of <15.8%>, underperforming 89% of all U.S. equities (or somewhere around that <g>).

To: Todd D. Wiener who wrote (3080)	1/16/1998 1:38:00 AM
From: Christopher	Respond to of 14266

Todd, you quoted a 25 day moving average and made some conclusions based on that. The 25 days MA is definetly a short term MA. The only way to know for sure if a stock is trending or not will be to use Directional Movement(DM) indicator. It is recommended by Dr. Elders, Marting Pring, Charles Le Beau and David W. Lucas, Robert W. Colby and Thomas A. Meyers, and everybody else. I have fourteen books on TA indicators and they all recommend using DM to determine the trend. It is the most reliable for this task. Meyers and Colby tested over 50 years worth of data from Wall Street on DM and the results were really impressive. I have provided data on THQ price for a month before to prove that THQ was in a trending range because several people like you disagreed with DM that THQ was in a trending range. If DM indicates that THQ is in a trading range then you can be sure that Dr. Elders, Martin Prings, and everyone else will beleive DM. I will list all the price data begining with the middle of last October all the way to now. There is no author that I know off that recommends MA to determine trading ranges since you have to use visual inspection and it is very difficult to detect a trading range in this case. With DM there are no guesses. Dr. Elders covers DM in his book "Trading for a Living" on page 135. On page 141 and in the first paragraph Dr. Elder says the following: When ADX points down, it is better not to use trend-following method. The above is true starting with the middle of last October. Also Martin Prings says that the stock will be in a trending range if ADX is below 25 and so does Colby and Myers and the makers of Metastock and many others as well. ADX is below 25 starting with the middle of last October. There is no use in arguing with DM but if you want to pursue this further then it is up to you.