* Today's Sector Analysis: "Electronics " Institutional Technical Viewpoint
Buy Alert! Foster Wheller Ltd  (FWLT): $30.25 Stop.  $28.25 P-Stop  $37.50 P-Objective
Dow Jones Ind: 10,419.59 MINUS 2.46 points Sep 23, 2005 * Price Objective: 11,200    Volume Two No. 2137

EMERSON ELECTRIC CO (EMR-NYSE): Technical Viewpoint: From a low of $65.63 on Aug 31, 2005 prices rallied, reaching a high of $68.80 on Sep 8, 2005. A decline saw prices pull back, reaching a low of $66.26 on Sep 15, 2005. Another rally saw prices penetrate resistance, closing 9/23/05 at $69.61. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 23, 2005 (study not shown) when the solid line crossed the dotted line to the upside. Support: Remains at $66.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Sep 23, 2005. A P&F upside reversal takes place at $66.00. Summary: Technical indicators have turned bullish. BUY! EMERSON ELECTRIC CO (EMR-NYSE) @ $70.13 Stop: Use a protective stop of $67.63. EMERSON ELECTRIC CO is currently trading @ $69.61 plus $1.85 on Sep 23, 2005. Price Objective: $82.50. Risk/Reward: $2.50 VS. $12.37. Today's Risk Reward Ratio: 5:1


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