Charted Territory: TF II Entries Would Make a Top-Notch Portfolio

Readers' contest selections are all doing well.
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Remember my hedge-fund

ploy of last April Fool's? Forget that because I have a better idea. I'm going to start a mutual fund based on the TF II picks! I mean on the whole, I think you'll see some pretty phenomenal stuff here. In fact, if you take out my lame-o pick, you have some

really

phenomenal stuff!

As background, please review my columns of

June 16 and

June 18. Today, I'll review the first five picks plus my selection, and Friday, I'll look at the second five. I think you'll agree there have been some shrewd calls so far.

In total, then, a pretty impressive performance. On average, we're up 19% for this group of stocks compared with a 1% gain in the

New York Stock Exchange

and a 7% gain in the

Nasdaq

in the same time period.

But, how do we compare to some of the high-flying mutual funds? Pretty darn well:

(JAVLX)

Janus Twenty is up only 2.5% over the same stretch.

And in case you think I'm just showing the glory stocks, the performance of the five I'll finish up with Friday is just as impressive.

What's it all mean? It means what I've always suspected. By combining a fundamental belief in a company with sound technicals, you can come up with a pretty nifty combination. In my mind, this kind of performance might even have one loyal technician rethinking his selection criteria!

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 was long VISX, eToys, the India fund and Starnet, 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

gbsmith@ibm.net.