Friday column, I mentioned getting
autograph, assuming all would know who she was. But, whoops, I made the mistake of extrapolating my knowledge of one small section of the world to the rest of the population. Therefore, a quick bio of Ms. Thompson:
Olympic gold medalist
World Championship gold medalist
USA Swimming's Swimmer of the Year
23-time national champion
In other words, she's a swimming icon.
Technical Analysis: Join the discussion on
And speaking of icons, I ain't one yet, but frankly, it's on my to-do list. So all you icons out there, let me know exactly what I need to do! Suggestions, comments and questions all go to our National Icon department at
firstname.lastname@example.org, where 24-time national champion Gary B. Smith answers your favorite questions weekly.
A Capital Triangle
Can you lend some technical perspective on Internet Capital Group (ICGE) , Emulex (EMLX) and JDS Uniphase (JDSU) ? In particular, I'd like some help drawing the simple support and resistance lines, which is hard to do when the line goes straight up. Do you always use the one-year chart, arithmetic scale? How much further does Internet Capital Group have to pull back? For your long positions, do you sell or write covered calls when the candlesticks turn black? -- Brian Miyazaki
Whew! Many questions there. On your options question, I don't sell or write covered calls, but if I did trade options, I certainly wouldn't base my decision on just a candlestick.
Regarding my charts, I usually use a six-month chart with a log scale. For this column, though, I use whatever time frame portrays the best picture of the chart.
As for your charts, only one to a customer. Let's look at Internet Capital Group and see if we can draw some lines for you.
No More Aftershocks
Genesis Microchip (GNSS) took a hit along with the Taiwan earthquake disaster. The stock started to make a comeback last week. What does your chart tell you? -- Richard Leach
Bully for Merrill
Check out Merrill Lynch (MER) . Is this a classic GBS breakout or what? What would be your target? -- Brian Tinari
On a Tear
Is J.D. Edwards (JDEC) good to go here? Looks like it has some gaps to fill, but somebody just stepped in big the last couple of days. -- Sam Ginsberg
Ready, Yes. But Willing?
I really like Broadcom (BRCM) fundamentally, but it's had a huge run-up lately. Is it primed for a drop? -- Guy Gottfried
Visual Could See New Highs
What do you make of Visual Networks (VNWK) at this time? You will note that it has made quite a run-up recently. Is this bad for a future strong rise in the stock price? -- R. Buffone
Time to Wait and See
Can you shed some light on the recent movements of Komag (KMAG) , HMT Technology (HMTT) Read-Rite (RDRT) , as well as Western Digital (WDC) - Get Reportand Maxtor (MXTR) ? This sector has been dead for most of this year. Do you see a real climb up or a dead-cat bounce? -- Hussam E. Eassa
These charts are a mixed bunch. Let's look at one of the more promising ones, though.
Watch the Wedge on Callaway Golf
What is your take on the recent action in Network Solutions (NSOL) ? It took out its March highs, but there wasn't much volume associated with the move, and it has been straight up since 103 in the beginning of November. It looks overextended and a good short candidate with a goal to cover around 120. What do you think? -- Gregori Roussas
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 welcomes your feedback at