* Today's Sector Analysis: "Oil & Gas " Institutional Technical Viewpoint
Buy Alert! ADAPTEC INC  (ADPT): $31 7/8 Stop.  $29 3/8 P-Stop  $42.00 P-Objective
Dow Jones Ind: 10,829.28 minus 37.46 points May 21, 1999 * Price Objective: 12,000    Volume Two No. 794
TICKER COMPANY NAME BUY!
SELL
RSI INDEX
* OPTIONS
ENTRY
PRICE
STOPS
5/24/99
PRICE
OBJ
CLOSE
PRICE
AL ALCAN ALUMINUM BUY! *   RSI: 59 $32.12 $30.12 $45.50 $31.87
BRCM BROADCOM CORP BUY! *   RSI: 74 $108.37 $104.87 $129.00 $107.00
CIEN CIENA CORP BUY! *   RSI: 66 $30.25 $28.25 $43.00 $30.06
CS CABLETRON SYSTEMS BUY! *   RSI: 77 $15.62 $13.87 $29.75 $15.37
HWP HEWLETT-PACKARD BUY! *   RSI: 73 $94.75 $92.50 $108.00 $93.87
IM INGRAM MICRO INC BUY! *   RSI: 71 $31.50 $29.50 $53.75 $31.00
MACR MACROMEDIA INC BUY! *   RSI: 72 $49.62 $47.12 $72.00 $49.50
MOT MOTOROLA INC BUY! *   RSI: 60 $87.12 $84.25 $97.50 $86.06
Oil & Gas   ARC: $86 5/8  MOB: $103 1/2  SII: $48 1/8 Buy Alerts  CHRZ: $18 3/4  CMNT: $27 7/8  USWB: $28 3/4

EXXON CORP (XON-NYSE): Technical Viewpoint: From a low of $76 3/4 on Apr 26, 1999 prices rallied, reaching a high of $87 1/4 on May 4, 1999. A decline saw prices pull back, reaching a low of $77.56 on May 18, 1999. Another rally saw prices penetrate resistance, closing 5/21/99 at $82 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 11, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $78.00. Resistance: Is at $87.00. Point & Figure: Reversed to the upside on May 21, 1999. A P&F upside reversal takes place at $80 1/4. Summary: Technical indicators have turned bullish. BUY! EXXON CORP (XON-NYSE) @ $83 1/8 Stop: Use a protective stop of $80 3/8. EXXON CORP is currently trading @ $82 3/4 plus $2 3/4 on May 21, 1999. Price Objective: $98.00. Risk/Reward: $2 3/4 VS. $14 7/8. Today's Risk Reward Ratio: 5:1


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