Editor's Note: Gary B. Smith's column runs exclusively on RealMoney.com; this is a special free look at his column. For a free trial subscription to RealMoney.com, click here. This article was published Dec. 6 on RealMoney.
Remember that picture you used to see in science class of the old woman and the young woman? Depending how you looked, you saw either one or the other, but never both at the same time.
The picture of the
below presents that same challenge. If you're bearish, maybe you see the resistance line. If you're bullish, maybe the broken downtrend line.
Just something to do, as you lather on your sunscreen and get used to these 80-degree December days.
Today, the Dow,
Health Management Systems
And that is the final word from bovine headquarters, where the contest is on to see who can shout the loudest that he or she called the bottom. I have my candidates. Hope you have yours.
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 six technical analysis columns for TheStreet.com each week, including TSC Technical Forum each weekday, and Technician's Take once each weekend. While he cannot provide investment advice or recommendations, he invites you to send your feedback to
Gary B. Smith.