* Today's Sector Analysis: "Banking " Institutional Technical Viewpoint
Buy Alert! Int'l Business Machines  (IBM): $84.50 Stop.  $81.75 P-Stop  $102.75 P-Objective
Dow Jones Ind: 8,337.65 plus 80.04 points Apr 20, 2003 * Price Objective: 10,500    Volume Two No. 1746
TICKER COMPANY NAME BUY!
SELL
RSI INDEX
* OPTIONS
ENTRY
PRICE
STOPS
4/21/03
PRICE
OBJ
CLOSE
PRICE
CTXS CITRIX SYSTEMS INC BUY! *   RSI: 69 $15.75 $14.25 $24.00 $15.64
DOV DOVER CORP BUY! *   RSI: 71 $28.25 $26.25 $38.00 $27.83
MERQ MERCURY INTERACTIVE BUY! *   RSI: 61 $35.13 $33.13 $55.00 $34.90
PAYX PAYCHEX INC BUY! *   RSI: 66 $30.38 $28.38 $42.00 $30.19
QQQ NASDAQ 100 TR SERIES BUY! *   RSI: 55 $27.13 $25.13 $44.00 $26.82
USAI USA INTERACTIVE BUY! *   RSI: 61 $29.13 $27.13 $45.00 $28.81
UTSI UTSARCOM INC BUY! *   RSI: 65 $22.13 $20.13 $30.75 $21.94
VRTS VERITAS SOFTWARE BUY! *   RSI: 64 $19.88 $18.38 $35.00 $19.66
Banking   BAC: $73.13  WB: $37.25  WM: $37.25 Buy Alerts  BCGI: $19.13  DAL: $12.13  XTO: $20.25

QLOGIC CORP (QLGC-Nasdaq): Technical Viewpoint: From a low of $33.07 on Feb 26, 2003 prices rallied, reaching a high of $40.81 on Mar 17, 2003. A decline saw prices pull back, reaching a low of $36.94 on Apr 1, 2003. Another rally saw prices penetrate resistance, closing 4/17/03 at $41.52. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Mar 12, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $38.25. Resistance: Is at $43.68. Point & Figure: Reversed to the upside on Apr 16, 2003. A P&F upside reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! QLOGIC CORP (QLGC-Nasdaq) @ $41.75 Stop: Use a protective stop of $39.75. QLOGIC CORP is currently trading @ $41.52 plus $1.69 on Apr 17, 2003. Price Objective: $54.00. Risk/Reward: $2.00 VS. $12.25. Today's Risk Reward Ratio: 6:1


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