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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: Carlton G Glenn who wrote (1315)	8/9/1998 11:30:00 PM
From: Scott H. Davis	Respond to of 1720

[TA/FA issue] Carlton, remember the intent of this thread - trying to combine TA, FA, business case, market psych, arbitrage, macroeconomics, etc. in a hopefully positive manner. Something to consider, Scott

To: Carlton G Glenn who wrote (1315)	8/10/1998 3:31:00 AM
From: HeyRainier	Respond to of 1720

[ QSound Labs: QSNDF ] Hello Carl, How are you reading this chart? The trend for QSNDF is still down. At the current rate of decline for the longer term trend, I approximate that the value of one's equity stake in the company is declining at an average rate of 1.2% per week. Various indicators I follow still hold a bearish picture, but there are possible seeds that indicate a brighter picture may soon develop. While the tone of the issue has markedly improved for the near term, it seems plausible that a bounce to the $2.00 level can occur once more if no further sponsorship materializes within a short period of time. For this short term run-up, no reversal signals are in place yet (for now), but I would put a potential cap on this move in the vicinity of the 89 day moving average. Note also that at this $2.50 level is a shorter term down trend line (begun on 6/10/98). And let's not forget about the Bollinger Bands at that level as well. So one can see some potential headwinds once we reach that point. Is TA out and FA the hope? Is this a HOPE I think it will work? In the market, particularly when I'm in an investment (as opposed to a trade), I'm not in the business of hoping. Those who are might as well cross their eyes and throw a dart at the closest Wall Street Journal for their next pick. I will not repeat the full details of my reasoning behind owning shares in this company, but the key details involve the digital hearing aid from Starkey Labs (which is on-schedule for release), which is expected to significantly add to QSound's earnings, as they receive significant royalties per unit sold. In addition, QSound's partnerships with RealNetworks and Spinner.com are strengthening the company's presence on the internet-sound front. Market leaders (which QSound appears to be becoming in their field), particularly with the internet have been well-rewarded, and it would be nice to see such valuations being granted to this nice little company. Now that I'm done dreaming, some other developments to note: QSound-enhanced products from Aiwa (and VLSI's Thunderbird, I believe) are due to impact earnings in the second half of 1998 (the second quarter just ended, so look where we are now). At this point, the company initiated a share buy-back program, since it appears that the directors also are growing more optimistic of the company's future prospects. That's all for now, but... Damn man, trying to understand your logic.. ...I hope that answers your inquiry. Regards, Rainier

To: Carlton G Glenn who wrote (1315)	8/11/1998 3:51:00 PM
From: HeyRainier	Read Replies (1) \| Respond to of 1720

[ Dow Jones Industrial Average ] Kudos to Mr. Ralph Acampora for his 8/4/98 call. Let's take a look at some of the technical developments for the market for the past month to see how the deterioration could have been noted. We first begin with an earlier, perhaps more significant signal that I often tend to refer to, the Failed Signal. The failed signal was confirmed on 7/21/98 after the market failed to sustain a rally to new highs: members.aol.com Also note how the price hovered directly below the 89 day moving average for a number of trading days. On many occasions I have witnessed prices hover directly below this key level before further technical deterioration developed. The Dow is but one more addition to bolster this observation. The slide gained momentum after piercing another critical level, the 144 day moving average. The price recovery was suspect immediately after its uncertain advances. This formed a favorite, the Bearish Flag, and it was with today's action that the market broke below it, expectedly, as it is the nature of the flag to be broken through in the opposite direction of its advance (and vice versa for the Bullish Flag). Regards, Rainier