INTERNAT BUSINESS MACH (IBM-NYSE): Technical Viewpoint: From a low of $73.17 on Mar 12, 2003 prices rallied, reaching a high of $84.90 on Mar 21, 2003. A decline saw prices pull back, reaching a low of $78.13 on Apr 10, 2003. Another rally saw prices penetrate resistance, closing 4/15/03 at $82.79. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Apr 15, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $78.50. Resistance: Is at $83.48. Point & Figure: Reversed to the upside on Apr 15, 2003. A P&F upside reversal takes place at $80.25. Summary: Technical indicators have turned bullish. BUY! INTERNAT BUSINESS MACH (IBM-NYSE) @ $82.88 Stop: Use a protective stop of $80.13. INTERNAT BUSINESS MACH is currently trading @ $82.79 plus $2.72 on Apr 15, 2003. Price Objective: $102.75. Risk/Reward: $2.75 VS. $19.88. Today's Risk Reward Ratio: 7:1