BUY! DOW CHEMICAL CO (DOW) NYSE

  Report No. 778    Analysis by: Harry Aloof     APRIL 29, 1999

DOW CHEMICAL CO (DOW-NYSE): Technical Viewpoint: From a low of $90.06 on Mar 29, 1999 prices rallied, reaching a high of $121 1/2 on Apr 9, 1999. A decline saw prices pull back, reaching a low of $110.69 on Apr 22, 1999. Another rally saw prices penetrate resistance, closing 4/28/99 at $126.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 12, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $111.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Apr 26, 1999. A P&F upside reversal takes place at $121 1/2. Summary: Technical indicators have turned bullish. BUY! DOW CHEMICAL CO (DOW-NYSE) @ $127 3/8 Stop: Use a protective stop of $123 7/8. DOW CHEMICAL CO is currently trading @ $126.69 plus $8.69 on Apr 29, 1999. Price Objective: $141.00. Risk/Reward: $3 1/2 VS. $13 5/8. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$141.00 Risk/Reward:
$3 1/2 VS. $13 5/8 Risk/Reward Ratio:
4:1
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