HEWLETT-PACKARD (HWP-NYSE): Technical Viewpoint: From a low of $85 5/8 on Jun 14, 1999 prices rallied, reaching a high of $118.44 on Jul 19, 1999. A decline saw prices pull back, reaching a low of $103.94 on Aug 2, 1999. Another rally saw prices penetrate resistance, closing 8/5/99 at $114.00. Technicals: Demand Index (DI): A Buy Alert! was given on Aug 5, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $104.00. Resistance: Is at $118.00. Point & Figure: Reversed to the upside on Aug 4, 1999. A P&F upside reversal takes place at $108.00. Summary: Technical indicators have turned bullish. BUY! HEWLETT-PACKARD (HWP-NYSE) @ $114 1/8 Stop: Use a protective stop of $111 1/4. HEWLETT-PACKARD is currently trading @ $114.00 plus $3 3/4 on Aug 5, 1999. Price Objective: $136.00. Risk/Reward: $2 7/8 VS. $21 7/8. Today's Risk Reward Ratio: 7:1