MERCK & CO (MRK-NYSE): Technical Viewpoint: From a low of $60.94 on Aug 11, 1999 prices rallied, reaching a high of $70 7/8 on Sep 7, 1999. A decline saw prices pull back, reaching a low of $64.06 on Sep 30, 1999. Another rally saw prices penetrate resistance, closing 10/8/99 at $73 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 6, 1999 when the Histogram crossed the "0" line to the upside. Support: Remains at $69 1/4. Resistance: Is at $75.00. Point & Figure: Reversed to the upside on Oct 1, 1999. A P&F upside reversal takes place at $72.00. Summary: Technical indicators have turned bullish. BUY! MERCK & CO (MRK-NYSE) @ $74 1/2 Stop: Use a protective stop of $71 5/8. MERCK & CO is currently trading @ $73 3/4 plus $2 7/8 on Oct 8, 1999. Price Objective: $88.00. Risk/Reward: $2 7/8 VS. $13 1/2. Today's Risk Reward Ratio: 5:1