* Today's Sector Analysis: "Drugs " Institutional Technical Viewpoint
Buy Alert! Int'l Business Mach  (IBM): $105.88 Stop.  $102.75 P-Stop  $121.00 P-Objective
Dow Jones Ind: 9377.03 plus 172.92 points Oct 22, 2001 * Price Objective: 9,900    Volume Two No. 1382
TICKER COMPANY NAME BUY!
SELL
RSI INDEX
* OPTIONS
ENTRY
PRICE
STOPS
10/23/01
PRICE
OBJ
CLOSE
PRICE
AMAT APPLIED MATERIALS BUY! *   RSI: 52 $34.88 $32.50 $45.00 $34.77
CY CYPRESS SEMICON CP BUY! *   RSI: 57 $19.25 $17.75 $29.00 $19.20
INTC INTEL CORPORATION BUY! *   RSI: 58 $25.38 $23.38 $39.00 $25.30
LMT LOCKHEED MARTIN BUY! *   RSI: 64 $48.63 $45.88 $58.00 $48.36
MCHP MICROCHIP TECHNOLOGY BUY! *   RSI: 56 $32.75 $30.38 $48.00 $32.41
NVLS NOVELLUS SYSTEMS BUY! *   RSI: 50 $32.75 $30.25 $44.00 $32.65
QQQ NASDAQ 100 TR SERIES BUY! *   RSI: 56 $34.63 $32.75 $40.50 $34.45
XLP SPDR CNSMR STPLS SEC BUY! *   RSI: 54 $25.96 $25.66 $32.00 $25.85
Drugs   IMCL: $62.50  MEDI: $39.62  PFE: $43.13 Buy Alerts  ENDO: $22.13  FMKT: $18.75  POWI: $25.13

MICROSOFT CP (MSFT-Nasdaq): Technical Viewpoint: From a low of $53.00 on Oct 10, 2001 prices rallied, reaching a high of $59.30 on Oct 17, 2001. A decline saw prices pull back, reaching a low of $55.50 on Oct 18, 2001. Another rally saw prices penetrate resistance, closing 10/22/01 at $60.16. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 18, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $56.00. Resistance: Is at $62.95. Point & Figure: Reversed to the upside on Oct 19, 2001. A P&F upside reversal takes place at $57.75. Summary: Technical indicators have turned bullish. BUY! MICROSOFT CP (MSFT-Nasdaq) @ $60.25 Stop: Use a protective stop of $57.75. MICROSOFT CP is currently trading @ $60.16 plus $2.26 on Oct 22, 2001. Price Objective: $71.00. Risk/Reward: $2.50 VS. $10.75. Today's Risk Reward Ratio: 4:1


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