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Commentary: TSC Technical Forum *New* Alerts! Please click here...
Ah, so this is what a bear market feels like! It feels, well, lousy. Kind of like the morning after you discovered the phrase "too much beer." Or the first time you swam the 1650 free. Or the time you decided to play PGA West from the black tees. And while we're at it, what's with the Dow? Shoot, you value players, where are you when we need you? Talk about a sorry bunch of weenies. You guys should be in there at least buying Alcoa (AA:NYSE - news - boards) or something. But even that was down on Wednesday. Pathetic is all I can say. And I'm at the point when blame needs to be assessed because I'll tell you: This certainly isn't my fault! Therefore, in order of blamed-ness, here is my list of candidates:
There, I feel better. Trust me, this is not just a list. Punishment will be meted out! I'll keep you posted. Until then, the Nasdaq, the Dow, Morgan Stanley Dean Witter (MWD:NYSE - news - boards), Archer-Daniels-Midland (ADM:NYSE - news - boards), UTI Energy (UTI:Amex - news - boards), Johnson Controls (JCI:NYSE - news - boards) and Eastman Kodak (EK:NYSE - news - boards). (Hmm, no tech.)
OK, there you have it. Remember, if you're on my list, watch out!
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 .
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
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UP
20.63
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UP
6.40
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UP
31.64
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UP
0.59
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10 Yr
3.55%
SPDR Gold
108.95
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+0.20%
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+0.58%
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+1.45%
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+1.69%
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Data delayed 20 minutes |