* Today's Sector Analysis: "Drug Mfgs " Institutional Technical Viewpoint
Buy Alert! Merck & Co  (MRK): $78 1/4 Stop.  $75 1/2 P-Stop  $91.00 P-Objective
Dow Jones Ind: 10,089.71 minus 149.08 points * trade w/caution & stops Oct 17, 2000   Volume Two No. 1141
TICKER COMPANY NAME BUY!
SELL
RSI INDEX
* OPTIONS
ENTRY
PRICE
STOPS
10/18/00
PRICE
OBJ
CLOSE
PRICE
BEAS BEA SYSTEMS INC BUY! *   RSI: 66 $84.75 $81.87 $96.00 $82.87
CEFT CONCORD EFS INC BUY! *   RSI: 65 $38.12 $35.62 $48.00 $37.75
CMVT COMVERSE TECHNOLOGY BUY! *   RSI: 57 $101.62 $98.75 $136.00 $101.06
EOG EOG RESOURCES INC BUY! *   RSI: 64 $42.75 $40.12 $51.00 $42.50
ERTS ELECTRONIC ARTS INC BUY! *   RSI: 58 $53.25 $50.50 $69.00 $53.00
PWAV POWERWAVE TECHNOLOGIES BUY! *   RSI: 54 $43.62 $40.87 $62.00 $43.12
SBC SBC COMMUNICATIONS BUY! *   RSI: 65 $52.75 $50.12 $68.00 $52.44
VZ VERIZON COMMUNICATIONS BUY! *   RSI: 57 $48.62 $45.87 $68.50 $48.38
Drug Mfgs   GENZ: $70 3/4  HGSI: $98 7/8  PFE: $45 1/8 Buy Alerts  HRC: $11 14  REMC: $26 5/8  SMD: $9 3/4

ABGENIX INC (ABGX-Nasdaq): Technical Viewpoint: From a low of $70.56 on Sep 12, 2000 prices rallied, reaching a high of $89.72 on Sep 25, 2000. A decline saw prices pull back, reaching a low of $64.56 on Oct 4, 2000. Another rally saw prices penetrate resistance, closing 10/17/00 at $87 1/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 17, 2000 when the Histogram crossed the "0" line to the upside. Support: Remains at $71.00. Resistance: Is at $89.72. Point & Figure: Reversed to the upside on Oct 13, 2000. A P&F upside reversal takes place at $80.00. Summary: Technical indicators have turned bullish. BUY! ABGENIX INC (ABGX-Nasdaq) @ $87 7/8 Stop: Use a protective stop of $84 7/8. ABGENIX INC is currently trading @ $87 1/4 plus $9.16 on Oct 17, 2000. Price Objective: $102.00. Risk/Reward: $3.00 VS. $14 1/8. Today's Risk Reward Ratio: 5:1


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