BUY! ALLSTATE CORP (ALL) NYSE

  Report No. 1370    Analysis by: Harry Aloof     OCTOBER 1, 2001

ALLSTATE CORP (ALL-NYSE): Technical Viewpoint: From a low of $32.76 on Aug 6, 2001 prices rallied, reaching a high of $34.75 on Sep 10, 2001. A decline saw prices pull back, reaching a low of $30.00 on Sep 21, 2001. Another rally saw prices penetrate resistance, closing 9/28/01 at $37.35. Technicals: Momentum Index (MTM): A Buy Alert! was given on Sep 24, 2001 when the solid line crossed the dotted line to the upside. Support: Remains at $34.00. Resistance: Is at $43.00. Point & Figure: Reversed to the upside on Sep 27, 2001. A P&F upside reversal takes place at $36.00. Summary: Technical indicators have turned bullish. BUY! ALLSTATE CORP (ALL-NYSE) @ $37.88 Stop: Use a protective stop of $35.13. ALLSTATE CORP is currently trading @ $37.35 plus $1.76 on Sep 28, 2001. Price Objective: $52.50. Risk/Reward: $2.75 VS. $14.63. Today's Risk Reward Ratio: 5:1

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

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Price Objective:
$52.50 Risk/Reward:
$2.75 VS. $14.63 Risk/Reward Ratio:
5:1
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