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

To: Dennis K. Showers who wrote (4525)	4/7/1998 2:25:00 AM
From: BorgAttack	Respond to of 14266

Pretty impressive analysis, Dennis. It seems every formation that probability allows for has some kind of name. No offense, but it almost sounds like looking for shapes in clouds. (no, really, no offense intended - that's really what it sounds like to me) I use charts for limited purposes (no doubt, to go along with my limited knowledge) such as to keep me from buying at the top of cycles. Except for my purchase of 500 shares of THQI at $25 3/16 on the way down last month (it would have been silly, after all, to not take advantage of my temporary margin power from the day before), all my purchases have been at troughs in the chart, allowing myself some measure of subjective security. My analysis of the last two trading days is very simple, though. Let's get real. Was 8 days of new closing highs not enough for you? Isn't it easy enough to see that some people were merely taking profits of 25% or more? That's all it is. No need to compare THQI's chart to bearish patterns in the book. We may be down again tomorrow but if it continues to Wednesday, I'll eat my cranial implants (for lack of a hat). Locutus