Up/Down-Happy/Sad: Wrestling With the Market

Boy, didn't you think that Russian wrestlin' bear would put a whuppin' on that Wyoming farm boy? (Of course, being that NBC hung in there and even televised it, should have tipped us off.)

Have to admit, though, I shed just a little tear for Mulan Rulan and the Russian. Happy for the winner; sad for the loser.

Which is kind of how I feel about this market: happy and sad ... all in the space of a few hours lately!

Anyway, today I continue my long-term/short-term look at a few stocks many of us have. Today, a look at three prom queens: EMC (EMC:NYSE - news - boards), Nortel (NT:NYSE - news - boards) and JDS Uniphase (JDSU:Nasdaq - news - boards). And, of course, a look at that rascally Nasdaq.

Whew! Glad to get that week over with, aren't you?

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Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At time of publication, he held no positions in any securities mentioned in this column, although holdings can change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes five technical analysis columns for TheStreet.com each week, including Technician's Take, Charted Territory and TSC Technical Forum. While he cannot provide investment advice or recommendations, he invites you to send your feedback to Gary B. Smith.