It's incredible, but I'm actually getting sick of restaurant food. I'm now in that wonderful limbo between moving out of one home and into another. Thankfully, by the time you read this, I'll be safely ensconced in the new digs. Among boxes, of course, but at home!
So, for today and tomorrow's column I tackled as much as I could. I realized -- especially when I started digging out the mail from my old email address -- that there has been a
of unanswered mail. Sorry about that.
With all that's going on, I'm buried now, but won't be for long. Full working mode estimated time: two weeks. After that, I'll be out of excuses.
Finally, the chart issue: Well, tech support and I surrender: It's back to the imbedded charts. To all you who wanted the bigger charts: Technology just isn't there yet for everyone, and the bottom line is I want all readers to be able to enjoy the column. Don't worry, though; we'll come back to this issue in the future.
As for questions, those go to
email@example.com along with your full name. Email to me? That goes to
I'll start off this week with email that helps clarifiy some of last week's open questions.
Hi Gary, I saw your try with the song lyrics. Here is a nice Web site if you want to keep from guessing: http://www.lyrics.ch/. Could you give me your take on United Rentals and how it fits your strategy? Thanks, Douglas Stringham
Thanks, Doug, for pointing out how off I was on "Spinning Wheels!" (
Blood, Sweat and Tears
, folks). But you gave the readers a neat link. Here's
Hey Gary, I recently wrote you requesting tracking software for traders and have stumbled onto something. I just downloaded it from beyond.com and have yet to utilize it. It is a canned program based on the Excel platform, but from browsing through it quickly, it looks as if it could be what I and maybe some others have been looking for. It is called Stock Investor Plus by Village Software (add on Datalink for data download from Web). I am just beginning to acclimate myself with the program and will drop an email once I have a better feel for its performance. Hope this helps, and I'd still be interested in other options in case this program is not all it's cracked up to be. Thanks, Rob Deutsch Gary, Rick Rhodehamel asks about a program to track performance. Here is a very good inexpensive program to determine portfolio rate of return. Contact Easy ROR, Hamilton Software. Tech help (303) 795-5572. Donald K. DeWoody Gary, Your old nemesis, the Motley Fool, has a good (and cheap at $25) tracking program called PortTrak2.0, which you can download from their site. One must have Microsoft Excel to run it. It has a rather slick way to account for percentage gains even though cash flows in and out through many different time frames in the year. There is also a charting feature built in which will show your portfolio's gains against other benchmarks like the S&P 500, the Dow, and the Fool's Rule Breaker Port. Ron Martin Gary, I use Captool. It does everything very well, including returns net of taxes, but the statistics and reports are more for professional money managers than the GBS crowd. The performance reports are AIMR compliant, so for what Rick wants, it's perfect, although expensive at $249. Francis Gingras Gary, I've been using TC/2000 for about a month now, and find it to be a wonderful charting application. I'm in an informal trading group that communicates primarily by email and we'd like to be able to send chart attachments to each other similar to what you use for your pop-ups in your
column. However, I can't seem to find a way in TC/2000 to save the charts as individual GIF images, or as any image, for that matter. I've tried Worden's tech support, but they seem to be perpetually busy. Could you outline the steps you take to get your charts in the form used in your columns? Thanks, Douglas Landon
Doug, I had a few questions on this subject lately, so here's how I do it.
- Put the TC chart in full-screen mode.
- Use the Print Screen command on my keyboard to save it to the clipboard.
- Open a "paintbrush" application (in my case, Paintshop Pro) and copy the chart from the clipboard. Most of you can use the Windows Paintbrush program to do the same.
- I then change the colors, edit my charts, etc. with Paintshop, after which I save it as a .gif file.
- Open your email application, and attach your recently saved .gif chart.
Easy as pie!
Do the divergences in the A-D line in the NYSE Composite since April of last year (I'm sure you have the chart but the one I'm looking at is at http://decisionpoint.com/DailyCharts/ADCurrent.html) concern any of you at all? Or is that group not a good representative sample of this market? George Armistead
Hi, Gary, I enjoy reading your column on
and have picked up many TA ideas from your postings. Could you take a look at Dupont and let me know what the charts are telling you about this stock. To me, it looks like a classic head and shoulders back in April to July of 1998, a declining trendline but with heavy support in the 51-52 range with resistance at the 60 level. The bottom level has been tested three times in the past several months. Would this be considered a descending triangle and would it indicate a possible breakout in the making? Thanks for all the good work. John Saffron
Gary, I'll dispense with the usual kudos for your column. Just great, great stuff for us amateur (and professional) market junkies. Some of the usual net highfliers have almost come back to earth (Net earth that is), so where is a good entry point? I know the usual congestion period is not applicable to net stocks, kind of like dog years if you will. I'm looking at @Home, Yahoo!, Inktomi, CMG. Take your pick, or break with tradition and take two (a guy can try, can't he?). Many thanks, Bruce Lulla
Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith also writes Technician's Take each Monday and Charted Territory, which appears every Wednesday.