INT'L BUSINESS MACHINES (IBM-NYSE): Technical Viewpoint: From a low of $78.06 on Dec 12, 2008 prices rallied, reaching a high of $87.27 on Dec 17, 2008. A decline saw prices pull back, reaching a low of $79.68 on Dec 29, 2008. Another rally saw prices penetrate resistance, closing 1/2/09 at $87.37. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 29, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $80.00. Resistance: Is at $88.10. Point & Figure: Reversed to the upside on Dec 30, 2008. A P&F upside reversal takes place at $84.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES (IBM-NYSE) @ $87.63 Stop: Use a protective stop of $84.88. INT'L BUSINESS MACHINES is currently trading @ $87.37 plus $3.21 on Jan 2, 2009. Price Objective: $99.50. Risk/Reward: $2.75 VS. $11.87. Today's Risk Reward Ratio: 4:1