INT'L BUSINESS MACHINES (IBM-NYSE): Technical Viewpoint: From a low of $91.25 on Jan 11, 2001 prices rallied, reaching a high of $116.94 on Jan 31, 2001. A decline saw prices pull back, reaching a low of $109.30 on Feb 5, 2001. Another rally saw prices penetrate resistance, closing 2/7/01 at $116.91. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Jan 17, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $110.00. Resistance: Is at $119.00. Point & Figure: Reversed to the upside on Feb 6, 2001. A P&F upside reversal takes place at $114.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES (IBM-NYSE) @ $117.62 Stop: Use a protective stop of $114.75. INT'L BUSINESS MACHINES is currently trading @ $116.91 plus $2.72 on Feb 7, 2001. Price Objective: $142.00. Risk/Reward: $2.87 VS. $24.38. Today's Risk Reward Ratio: 8:1