* Today's Sector Analysis: "Drugs " Institutional Technical Viewpoint
Buy Alert! Avocent Corp  (AVCT): $16.63 Stop.  $15.13 P-Stop  $25.50 P-Objective
Dow Jones Ind: 9,7784.58 minus 234.68 points * Trade w/caution & use stops Jul 23, 2002   Volume Two No. 1563
TICKER COMPANY NAME BUY!
SELL
RSI INDEX
* OPTIONS
ENTRY
PRICE
STOPS
7/23/02
PRICE
OBJ
CLOSE
PRICE
* AMGN AMGEN INC BUY! *   RSI: 44 $37.13 $35.13 $49.00 $35.28
BRCD BROCADE COMMUNICATIONS BUY! *   RSI: 52 $20.13 $18.63 $33.00 $19.14
BRCM BROADCOM CORP BUY! *   RSI: 51 $21.25 $19.75 $36.00 $20.15
ISIL ISTERSIL HOLDINGS BUY! *   RSI: 48 $21.50 $20.13 $38.00 $20.36
KLAC KLA-TENCOR CORP BUY! *   RSI: 44 $44.75 $42.75 $61.00 $43.27
PSFT PEOPLESOFT INC BUY! *   RSI: 49 $16.50 $15.13 $23.00 $16.23
QCOM QUALCOMM INC BUY! *   RSI: 53 $30.88 $28.88 $49.00 $29.47
QLGC QLOGIC CORP BUY! *   RSI: 51 $42.88 $40.88 $62.00 $41.50
Drugs   IDPH: $40.13  MEDI: $26.13  PDLI: $12.75 Buy Alerts  AMZN: $15.75  WEBX: $14.25  YHOO: $14.13

CHECK POINT SOFTWARE (CHKP-Nasdaq): Technical Viewpoint: From a low of $15.76 on May 7, 2002 prices rallied, reaching a high of $20.68 on May 17, 2002. A decline saw prices pull back, reaching a low of $10.37 on Jul 2, 2002. Another rally saw prices penetrate resistance, closing 7/22/02 at $14.93. Technicals: Momentum Index (MTM): A Buy Alert! was given on Jul 3, 2002 when the solid line crossed the dotted line to the upside. Support: Remains at $13.50. Resistance: Is at $14.98. Point & Figure: Reversed to the upside on Jul 15, 2002. A P&F upside reversal takes place at $13.00. Summary: Technical indicators have turned bullish. BUY! CHECK POINT SOFTWARE (CHKP-Nasdaq) @ $15.13 Stop: Use a protective stop of $13.63. CHECK POINT SOFTWARE is currently trading @ $14.93 plus $1.07 on Jul 22, 2002. Price Objective: $22.50. Risk/Reward: $1.50 VS. $7.38. Today's Risk Reward Ratio: 5:1


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