CHEVRONTEXACO CORP (CVX-NYSE): Technical Viewpoint: From a low of $92.96 on Jul 8, 2004 prices rallied, reaching a high of $96.16 on Jul 16, 2004. A decline saw prices pull back, reaching a low of $92.98 on Jul 27, 2004. Another rally saw prices penetrate resistance, closing 8/3/04 at $98.49. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jun 17, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $93.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Aug 3, 2004. A P&F upside reversal takes place at $96.00. Summary: Technical indicators have turned bullish. BUY! CHEVRONTEXACO CORP (CVX-NYSE) @ $98.88 Stop: Use a protective stop of $96.13. CHEVRONTEXACO CORP is currently trading @ $98.49 plus $2.01 on Aug 3, 2004. Price Objective: $110.00. Risk/Reward: $2.75 VS. $11.12. Today's Risk Reward Ratio: 4:1