Many, many years ago, there was a terrific movie called
. Burns, played "God," of course, with Denver being the only person on Earth who could see, hear and interact with him. Anyway, there's a great scene early in the movie when Denver first meets "God," and asks him, "How do I act around God?" And Burns tells him the best way to deal with this monumental event is to just stick to your normal routine. Denver is skeptical, but picks up a razor and starts shaving, just like every other morning. Denver goes on being Denver, and "God" goes on being "God."
Last week, we had a monumental event; there's no denying that. I plan to have a series of columns over the next week dealing specifically with "When and How to Sell Short," "When and How to Go Long," and "Lessons I (And Maybe You) Have Learned From Recent Events."
That said, I honestly think the best way to deal with last week is to take "God's" advice and stick to our normal routine. All the charts have changed. Our strategy should not.
Questions, comments? Do you miss George Burns and/or John Denver? Let me know at
email@example.com. I'll be the one trying to act normal.
Oh, one note before we start. The questions you see below were all sent in long before the recent turmoil. I'm certain these readers would have asked different questions after this recent Friday. Nevertheless, it is helpful to look at some of these interesting charts, which were prepared
The Logic in QLogic
Gary: QLogic (QLGC) hasn't gotten much press in all the recent chip hoopla. What do you see? Rich Gelb
Bond With Me, Gary
Gary: Let's see a bond chart!! James Padinha (
The Problem With Scaling
Gary: My approach to Global Crossing (GBLX) has been to scale in at lower prices, but I'm beginning to wonder if the chart doesn't make me el stupido? Long term is one thing, but am I fighting the tape? Frank Tims
Verio's Cup Needs a Saucer
Gary: I've recently purchased Verio (VRIO) at $35 a share at the bottom of what looks like a "cup." Does this chart and the past week's trading signal a pending snapback following the steady decline of the past month? Fundamentals of the company are unchanged: negative earnings and lots of growth potential in business Internet solutions. The Lipes Family
Will It Hold, or Will It Fold?
Not Yet on Inktomi
Gary: Please give your opinion on Inktomi (INKT) -- buy, sell or hold at this point. James Blackerby
Slumping to Oblivion
Gary: Could you profile Internet Capital Group (ICGE) ? Its been caught in a fierce decline. My question is: Is this stock headed south some more? Juan Pena
Bluestone's Got the Blues
Gary: Looks like Bluestone Software (BLSW) took a beating. Is it a good time to get back into it? Randy Prater
Neither Short Nor Long
So That's What Happens in Bear Markets?
Gary: I would appreciate your thoughts on Redback Networks (RBAK) near term. Bharath Shashikumar
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