HEWLETT-PACKARD CORP (HPQ-NYSE): Technical Viewpoint: From a low of $29.98 on Jul 21, 2006 prices rallied, reaching a high of $37.25 on Sep 12, 2006. A decline saw prices pull back, reaching a low of $34.15 on Sep 22, 2006. Another rally saw prices penetrate resistance, closing 10/2/06 at $37.66. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 2, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $33.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Aug 7, 2006. A P&F upside reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! HEWLETT-PACKARD CORP (HPQ-NYSE) @ $37.75 Stop: Use a protective stop of $35.75. HEWLETT-PACKARD CORP is currently trading @ $37.66 plus $0.97 on Oct 2, 2006. Price Objective: $47.00. Risk/Reward: $2.00 VS. $9.25. Today's Risk Reward Ratio: 5:1