CATERPILLAR INC (CAT-NYSE): Technical Viewpoint: From a low of $57.61 on Jul 15, 2003 prices rallied, reaching a high of $65.86 on Jul 18, 2003. A decline saw prices pull back, reaching a low of $62.80 on Jul 25, 2003. Another rally saw prices penetrate resistance, closing 7/30/03 at $66.45. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 3, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $62.80. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jul 28, 2003. A P&F upside reversal takes place at $65.00. Summary: Technical indicators have turned bullish. BUY! CATERPILLAR INC (CAT-NYSE) @ $66.75 Stop: Use a protective stop of $64.13. CATERPILLAR INC is currently trading @ $66.45 plus $1.10 on Jul 30, 2003. Price Objective: $79.00. Risk/Reward: $2.63 VS. $12.25. Today's Risk Reward Ratio: 5:1