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tax reporter Tracy Byrnes and trader tax specialist Ted Tesser, author of The Trader's Tax Survival Guide, Sept. 21 at 5 p.m. ET on Yahoo! Log into chat.yahoo.com.
Uh-oh. Time for another "loose ends" column. Which normally means one thing: Ol' Gar really doesn't have anything specific to talk about but has a lot of meaningless drivel he wants to float past us, some of which is useful, most of which is filler. Also, he just likes to write, and since he had a column due anyway, he thought he'd throw some words up to see if they'd stick.
There, now you know what you're getting into. Don't say I didn't warn you.
At last look, more than 72% of people voting in our
poll thought my "
will hit a new high" TV prediction (from the
Sept. 11 show) was accurate. Guess we all saw the same thing, huh? Which, in a contrarian way, always makes me worried.
Has anyone tried that Indigo software I keep seeing touted in
? If so, let me know if you're getting numbers anywhere near what they're advertising. I've never tried the stuff, but my B.S. alert is ringing loud and clear. But, you never know, I guess.
That said, consider this: If some company did have a system, some money machine that was virtually infallible, do you honestly think it'd sell it to the public? Let's see, I'm assuming these companies are in business to make money. But, they're selling software that can net
millions? Why wouldn't they use the same software themselves?
Trust me, anyone who has a huge edge on this market certainly knows where his bread is buttered. And it isn't with giving away hard-earned secrets.
I have now gone 15 straight days without perusing one chat board, other than the ones on
. I feel pretty good about that. Don't know if people are calling my stocks winners or losers. Don't know if people are calling
a winner or loser. It feels pretty good.
There are a lot of people who make a living writing for a Web site, right? So, where are the writing awards? I think the Pulitzer is pretty much a dead-tree thing, so where does that leave everyone else? OK,
: Where does that leave me?!
I get a ton of questions on candlesticks, but I've never actually read a book on the topic. But, you guys have. Send me a brief write-up, and if it's even halfway coherent, I'll put together a "best candlestick books" column, so we can all become better educated.
I'm biased, so bear with me, but who exactly is the competition for
? Look, I peruse the other sites, and I also read
Investor's Business Daily
The New York Times
. But, for day-to-day action, who exactly has both the editorial depth and the market reporting breadth of this very site? Take me out of the equation for a second. Who can compete with
and the variety of other columnists and reporters that
has? I mean as far as combining knowledge and writing, these folks are at the top of their game. Seriously, I'd love to see a better, deeper Web site. There just isn't one.
"TheStreet.com" TV show rules! New
time slots. Better time slots. Same great cast.
Speaking of TV, check out the latest issue of
for an excellent look at
. Ailes and company definitely have their act together, and after reading the article, I have to think
TV is at the right place.
I had to bury this point here, because I'm not thrilled about it. However, I can no longer handle individual chart requests you send me midweek. Like everyone's email, mine has exploded. Naturally, I will still try to answer as many questions as I can Friday, Saturday and Sunday, so there's always a chance I can fit it in there.
Yeah, I know, this pretty much blows my "man of the people" persona ...
I've recently received a number of questions by people who are intrigued by TA, but don't have the time or wherewithal to use it for their own portfolio. Therefore, they ask if there are any fund managers who use TA. Well, let's face it, if you're trading, you're almost invariably using some form of TA, if for nothing else than to eyeball tops and bottoms. My question, though: What fund manager will come out of the closet and admit to using TA almost exclusively? Is there anyone? Or is it just too easy to go along with all that fundamental hoo-hah? Well, let me know.
TV. I love working with Adam, as his Sahara dryness is a perfect foil to my East Coast hysteria. But keep in mind, he views every stock through the eyes of a long-term investor. I look at every stock as a trade. Sometimes we mention this in our discussion, but often we don't. When you're watching, though, always remember our different viewpoints.
I live in a high-tech mecca here in the greater D.C. area.
-- they're here by the boatload. So, you'd think the business section of
The Washington Post
would be fabulous, right? Wrong, it's terrible -- basically an afterthought, if you want to know the truth. Yeah, I know the D.C. world still revolves around the government, but c'mon guys, we've moved on a bit since the glory days of
You'd just have to think there's going to be a film someday about the rise, but hopefully not fall, of
. Given that, who'd play the various writers? Here's my cast (actually, my ever-astute wife Nancy came up with these excellent picks):
; she liked Wilder's freneticism.)
(subtle, but inspired)
husband! A brilliant pick.)
(Nancy's comment: "Hey, who else?" You gotta love that woman!)
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
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