INTERNAT'L BUSINESS MACHINES (IBM-NYSE): Technical Viewpoint: From a low of $74.10 on Jun 10, 2005 prices rallied, reaching a high of $77.73 on Jun 17, 2005. A decline saw prices pull back, reaching a low of $73.45 on Jun 28, 2005. Another rally saw prices penetrate resistance, closing 7/8/05 at $79.30. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 8, 2005 when the solid line crossed the dotted line to the upside. Support: Remains at $74.00. Resistance: Is at $79.66. Point & Figure: Reversed to the upside on Jul 7, 2005. A P&F upside reversal takes place at $76.00. Summary: Technical indicators have turned bullish. BUY! INTERNAT'L BUSINESS MACHINES (IBM-NYSE) @ $79.63 Stop: Use a protective stop of $76.88. INTERNAT'L BUSINESS MACHINES is currently trading @ $79.30 plus $1.92 on Jul 8, 2005. Price Objective: $89.50. Risk/Reward: $2.75 VS. $9.87. Today's Risk Reward Ratio: 4:1