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GBS to Readers: Thanks for the Warm Fuzzies

And in return, you get lots of charts, including WMT, MER, CNXT, GTW and LVLT.

I start this column off with a brief note of thanks. My recent column,

The Loneliness of the Long-Distance Investor, received a ton of positive feedback and many warm wishes for my daughter Katherine. Given the responses, I took Katherine aside and read her not only the column, but many of your emails. And it must have had some effect, as she's swimming better than ever lately. So, both Kath and I give you our sincere thanks.

As for this market, though, I'd have to say, "No thanks." (Unless you've been short, however, in which it's been a godsend.) Therefore, consider me your humble guide, charting the way, clearing the path and explaining the unexplainable. All navigation questions go to

technicalforum@thestreet.com, where I stand by ready to assist.

Gateway Looks Golden

I have had a position in Gateway (GTW) for a couple of years now. I probably should have sold it months ago as it's been trending down since March. Is it worth holding, or is it time to get out? -- Brooks Frank

Don't Short the Bull

I am analyzing some possible short positions in Merrill Lynch (MER) , Ames (AMES) , K2 (KTO) and Kmart (KM) and wanted to know your technical opinion on their charts regarding shorting these laggards. -- Chris Kevorkian

LVLT Leveling Off

I try to take a Zen/Buffett-like approach to my position in Level 3 (LVLT) . Two-thirds of the stock has a basis of 25, the other third has a basis of 85. It moves violently, and just keeps chugging up. I'm trying to decide whether or not to bail on the next high. Currently it's testing a short-term bottom around 69. What would your chart say? -- Eric Salem

Shopping Break

Tech, tech, tech. I'm tired of tech. Let's go shopping! Could you look at the charts for Costco (COST) - Get Costco Wholesale Corporation Report and Wal-Mart (WMT) - Get Walmart Inc. Report? -- Catherine Jones

Got What You PAID For

Love your columns. Hope Dave Kansas will continue paying the dough to keep you churning out four great columns a week. Could I get a little help on the chart for Sales OnLine (PAID) ? I got into this on a momentum play before I realized you can't put in stop losses on OTC issues with my broker. I'm looking for an exit point, although I have already committed the sin of turning a trade into an investment (and a poor one at that). -- Bill Talley

TheStreet Recommends

Bill,

Senor Kansas been very, very good to me. So good, that I'm now at a whopping five columns per week, so remember to read my Friday missives. As for PAID, see the chart.

Avoid This Short Bait

I'm new to the market since the first of the year and so is Conexant Systems (CNXT) - Get VanEck Vectors ChinaAMC SME-ChiNext ETF Report. Wish I was doing as well in my first year as it is. Please do your chart thing and let me know if I'm premature to short this. -- Jim Calhoun

Bond Buyer

Could you apply your vast knowledge to a chart of the yield on the 30-year Treasury? I would be most appreciative to hear your take on it. -- Duane Schellenberg

Juicy Short

I have asked you on several occasions if you would review some charts. I suppose you must be extremely inundated with such requests, and you haven't had a chance yet. However, I'm trying my luck again. If possible, please take a look at one (or more) of the following charts: Premiere Technologies (PTEK) , London Pacific Group (LPGL) , Cerner (CERN) - Get Cerner Corporation Report or Echelon (ELON) . -- Leo Kline

Leo,

For your persistence, how about a look at PTEK?

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@ibm.net.