* Today's Sector Analysis: "Telecomm " Institutional Technical Viewpoint
Buy Alert! Peregrine Systems  (PRGN): $24 1/8 Stop.  $22 1/8 P-Stop  $37.00 P-Objective
Dow Jones Ind: 10,584.34 minus 68.32 points * Trade w/caution & use stops Jan 17, 2001   Volume Two No. 1203
TICKER COMPANY NAME BUY!
SELL
RSI INDEX
* OPTIONS
ENTRY
PRICE
STOPS
1/18/01
PRICE
OBJ
CLOSE
PRICE
A AGILENT TECHNOLOGIES BUY! *   RSI: 62 $63.25 $60.60 $81.00 $61.94
AOL AOL TIME WARNER BUY! *   RSI: 62 $49.38 $46.62 $65.00 $48.79
ELNT ELANTEC SEMICONDUCTOR BUY! *   RSI: 62 $50.75 $47.87 $64.00 $50.50
IBM INT'L BUSINESS MACH BUY! *   RSI: 58 $97.87 $95.12 $126.00 $96.69
RATL RATIONAL SOFTWARE BUY! *   RSI: 61 $50.12 $47.50 $62.00 $50.06
ROST ROSS STORES INC BUY! *   RSI: 77 $21.75 $19.75 $28.50 $21.56
VRSN VERISIGN INC BUY! *   RSI: 52 $91.12 $88.38 $120.00 $88.50
VTSS VITESSE SEMICONDUCTOR BUY! *   RSI: 57 $64.12 $61.38 $84.00 $62.50
Telecomm   ABIZ: $9 3/4  DIGL: $39 1/2  UTSI: $19 7/8 Buy Alerts  CD: $13 1/8  ELNK: $9 1/8  PPRO: $19 5/8

SONUS NETWORKS INC (SONS-Nasdaq): Technical Viewpoint: From a low of $23 5/8 on Nov 21, 2000 prices rallied, reaching a high of $38 1/2 on Dec 11, 2000. A decline saw prices pull back, reaching a low of $18 1/2 on Dec 18, 2001. Another rally saw prices penetrate resistance, closing 1/17/01 at $31 7/8. Technicals: Momentum Index (MTM): A Buy Alert! was given on Jan 8, 2001 when the solid line crossed the dotted line to the upside. Support: Remains at $26 1/4. Resistance: Is at $38 1/2. Point & Figure: Reversed to the upside on Jan 17, 2001. A P&F upside reversal takes place at $28 3/4. Summary: Technical indicators have turned bullish. BUY! SONUS NETWORKS INC (SONS-Nasdaq) @ $32 7/8 Stop: Use a protective stop of $30 3/8. SONUS NETWORKS INC is currently trading @ $31 7/8 plus $4.94 on Jan 17, 2001. Price Objective: $43.00. Risk/Reward: $2 1/2 VS. $10 1/8. Today's Risk Reward Ratio: 4:1


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