A Busy Day in Chartland

Gary's pulling an all-nighter so you can get your fill of his chart wisdom. Today it's Beringer Wine, BroadVision, Colgate-Palmolive, Lucent and more.
Publish date:

OK, here's a first (or, more appropriately, here


a first, as I'm writing this on Friday): Today looks like my first "all-nighter."

That's right, I've never been up for 24 straight hours. Senior prom? Almost, but I fell asleep at 4 a.m. College? Twenty-three hours once when I screwed up the due date on a term paper.

But today looks like a charm. Here's my schedule:

  • 4 a.m.: Up to take kids to swim practice.
  • 10 a.m.: Train to New York City to meet with TheStreet.com folks and Fox News Channel muckety-mucks. (Note to me: Demand more pay!)
  • 1 p.m.: Lunch with TSC Editor-in-Chief Dave Kansas. (Note to me: See above and don't be a wimp!)
  • 2:30 p.m.: Meet with Roger Ailes, the head of Fox News Channel. Tell him News Corp. (NWS) - Get Report chart looks great! (Note to me: Fib if you have to.)
  • 7 p.m.: Tape show. Unveil "new" GBS look. Hope it distracts folks from my lousy chart-reading lately.
  • 8 p.m.: Dinner with TSC TV people. Remember to use restroom when bill comes.
  • 11:40 p.m.: Train back to Washington, D.C.
  • 3:15 a.m.: Arrive at Union Station. Pray car has not been vandalized. Pray I can remember where car is.
  • 4 a.m.: Back at home and sleep. For 15 minutes. Then off to swim practice.

Yeah, I know, you


for me.

Well, darn it, I feel for you, too! Which is why, of course, I have this column. Remember, my help line is always open at

technicalforum@thestreet.com. Don't be shy; I am here to help!

Technical Analysis: Join the discussion on


Message Boards.

Wine Not?

Check out Beringer Wine Estates (BERW) . Trading range stock that just broke off the bottom of the range with decent volume. -- Mercer Joyner

The Big Picture

I've been reading the message board on BroadVision (BVSN) - Get Report, and these guys are all over the place. The shorts are crying over valuation, and the longs are saying look at the chart. Does the pullback from 207 mean it is going down? It splits 3 for 1 on Monday, and the shorts are saying the float will triple. What do you think? -- Scott J. McCray

Primer on the Gaps

I know they will drag you into this, but, hey, isn't that an exhaustion gap on Colgate-Palmolive (CL) - Get Report and possibly an island reversal? I see a lot of stocks demonstrating short parabolic reflex rallies, and I wondering what that means. -- Dave Reutter

WorldCom's Doing Swimmingly

I have no good recommendations on swimming colleges, as I am a diehard football fan. As a father of two daughters, though, I better think seriously about following other sports in the future. Maybe swimming will work. As long as we are on the topic of treading water, could you comment on MCI WorldCom (WCOM) ? The merger may have skewed the charts, but I am optimistically looking for a bullish bowl. Please give me a reason to buy this stock. -- Bob Higuchi

Shedding a Little Light

What do you think about Lucent Technologies (LU) ? -- Manuel Alcala

To Each Their Own Screen

I have a question about screening stocks. I've tried Worden using your formula, and it just doesn't work for me. Do you have any suggestions for stock screening using

Investor's Business Daily

or any other "dead-tree" publication? -- Pam Palmer

One of the reasons I stopped using


was because it changed the table around to adhere to what it thought was important in stock selection. I didn't like that result, as I thought


screened out too many stocks that made great trades. (Stuff with no earnings per share -- much of the Internet sector -- never makes it onto


high-volume surge listings!)

However, there are a number of alternatives. One is the new-high list, found in almost every business section. Just keep your eye on each stock's volume, as some very thin stocks can appear here. In addition, many of these lists will include only


stocks, leaving out all the over-the-counter listings.

In the parochial vein, though,


is really becoming a one-stop arena for any and all stock news. A simple look down the left-hand side of the page (the breaking news) will tell you what stocks and what sectors are "in play." I'm betting you could come up with at least 20 candidates a day just from perusing that.

Vertical or Prone to Failure?

My friend and I are disagreeing on VerticalNet (VERT) . I say this one is set to go. He says, "Wide and loose -- prone to failure." How about settling this one? -- Lauren Johnson

Not the REIT Time

My mother has two REITs: Urban Shopping Centers (URB) and HRPT Properties Trust (HRP) . She is elderly, and they are down $4,000 since May (her portfolio value is only $26,000). I know nothing about REITs; at least I know a little about technical analysis. How do the charts look to you? -- Joni Holinger

Both charts are essentially the same, so let's just look at HRPT:

Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. At the 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

welcomes your feedback.