INT'L BUSINESS MACHINES (IBM-NYSE): Technical Viewpoint: From a low of $81 1/2 on Apr 20, 1999 prices rallied, reaching a high of $123.00 on May 13, 1999. A decline saw prices pull back, reaching a low of $109.44 on Jun 2, 1999. Another rally saw prices penetrate resistance, closing 6/4/99 at $116.00. Technicals: Stochastic Oscillator (STOC): A Buy Alert! was given on May 26, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $111 1/2. Resistance: Is at $118 3/8. Point & Figure: Reversed to the upside on Jun 3, 1999. A P&F upside reversal takes place at $114.00. Summary: Technical indicators have turned bullish. BUY! INT'L BUSINESS MACHINES (IBM-NYSE) @ $116 1/8 Stop: Use a protective stop of $112 7/8. INT'L BUSINESS MACHINES is currently trading @ $116.00 plus $3.06 on Jun 4, 1999. Price Objective: $140.00. Risk/Reward: $3 1/4 VS. $23 7/8. Today's Risk Reward Ratio: 7:1