Gary Aims for Icon Status

He probably wouldn't mind being a stock-picking icon. Check his progress as he charts Internet Capital Group, Merrill Lynch and others.
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In my

Friday column, I mentioned getting

Jenny Thompson's

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:

  • Five-time Olympic gold medalist
  • Five-time World Championship gold medalist
  • 1993, 1998 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

TSC

Message Boards.

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

technicalforum@thestreet.com, 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

Brian,

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

Hussam,

These charts are a mixed bunch. Let's look at one of the more promising ones, though.

Watch the Wedge on Callaway Golf

Would appreciate your input on the Callaway Golf. (ELY) - Get Report chart. -- Trish Hutchens

Short Solutions

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

gbsmith@attglobal.net.