is banned in Europe.
The Washington Post
is losing readers. Uh oh, has
lost his touch? As usual, the charts tell the
The first company to look at is Gillette, and unless you've been in an isolation booth for a while, you know the stock recently cratered. As a result, the daily chart doesn't look too promising.
Similarly, Coca-Cola has taken a shellacking lately, down nearly 10 points in June alone.
Finally, Washington Post has been, at best, dead money this year. Apparently, when I joined the ranks of new subscribers, it wasn't quite enough to send the stock skyrocketing.
So, these three look pretty pitiful, right? I mean the best of the three is going sideways! Now, you and I might look at these charts and start to get a little concerned. Well, if you were long Gillette, maybe a lot concerned.
But, building on Wednesday's
column, here's the power of perspective and time frame. Look at the three charts now, not on a daily scale, but on a monthly scale stretching back 10 years or so.
Hmm, not so bad, right? Washington Post is certainly fine, and Coke is hanging in there. Only Gillette shows some signs of wavering, but even with the recent hits it's taken, it is still in a pretty strong uptrend.
So, you still think he's lost his touch? Maybe, but viewed through his eyes, it looks like business as usual.
A few interesting emails this week, the first from
John De Palma
, who wanted to know if I was bullish on
. John, on this one, I have to join the
ranks by steering clear.
wrote in asking about
. Trial or no trial, it refuses to go down and out. Still, I'd wait a bit before pouncing.
Finally, I had to include
First Sierra Financial
, mainly because Curt flattered me by saying, "Nobody knows the shorts like you!" (Guess Curt hasn't looked at
And so it goes. I'll be back tomorrow with plenty more.
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 at