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

To: Sigmund who wrote (4529)	4/7/1998 10:37:00 PM
From: Dennis K. Showers	Respond to of 14266

Sigmond Japanese Candlestick theory states that after making 8 to 10 new highs or lows without a meaningful correction, the odds are strong that a significant correction will unfold. This is not a hard and fast rule. The number could be 10 or 12 or 16, but after 8 to 12 the wise candlesticker will be on guard for reversing patterns. We have long since past that number in the Dow, Nasdaq, S&P 500 and other indexes. As much as I hate to say it, I believe that today's action may be the confirmation that is needed for a Gravestone Doji reversal indication with regards to the DJI's. I will be moving some of my money to the sidelines. (Probably not THQI money) "Darkness lies one inch ahead" BorgAttack No offense is taken. Sometimes it seems to me that TA is like looking at the clouds. Just when you think that you see a definite pattern, the 'wind' blows and the pattern changes. It is not an exact science. But I have found that certain patterns scream buy or sell. For example; island reversals, hanging man, hammers, engulfing patterns, double and triple tops and bottoms, and breakdown of major support cannot be ignored. After all the charts represent the total reaction of all the players. The bulls, bears, market makers, analysts, small investors, institutional investors, TA's, FA's, insiders and everyone else contributes to the chart picture. It is a pictorial representation of the stock. It is easy to discuss what happened to the stock as it relates to the existing chart but very difficult to forecast where the stock will go in the future and even harder to act in a timely fashion when a particular chart picture appears. "One cannot be too cautious" Whitetail PS: I stole the quotes from Steve Nison