MORGAN STANLEY DW (MWD-NYSE): Technical Viewpoint: From a low of $55.00 on Jul 11, 2001 prices rallied, reaching a high of $60.85 on Jul 13, 2001. A decline saw prices pull back, reaching a low of $56.02 on Jul 26, 2001. Another rally saw prices penetrate resistance, closing 8/1/01 at $62.00. Technicals: Momentum Index (MTM): A Buy Alert! was given on Jul 26, 2001 when the solid line crossed the dotted line to the upside. Support: Remains at $58.25. Resistance: Is at $65.00. Point & Figure: Reversed to the upside on Jul 27, 2001. A P&F upside reversal takes place at $59.00. Summary: Technical indicators have turned bullish. BUY! MORGAN STANLEY DW (MWD-NYSE) @ $63.12 Stop: Use a protective stop of $60.50. MORGAN STANLEY DW is currently trading @ $62.00 plus $2.58 on Aug 1, 2001. Price Objective: $76.00. Risk/Reward: $2.62 VS. $12.88. Today's Risk Reward Ratio: 5:1