ALCOA INC (AA-NYSE): Technical Viewpoint: From a low of $69.06 on Dec 21, 1998 prices rallied, reaching a high of $90 1/8 on Jan 11, 1999. A decline saw prices pull back, reaching a low of $81 1/8 on Jan 22, 1999. Another rally saw prices penetrate resistance, closing 2/5/99 at $89 1/2. Technicals: MACD Index (MACD): A Buy Alert! was given on Feb 5, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $83.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Feb 4, 1999. A P&F upside reversal takes place at $86 1/4. Summary: Technical indicators have turned bullish. BUY! ALCOA INC (AA-NYSE) @ $90 1/4 Stop: Use a protective stop of $87 5/8. ALCOA INC is currently trading @ $89 1/2 plus $2.81 on Feb 7, 1999. Price Objective: $100 5/8. Risk/Reward: $2 5/8 VS. $10 3/8. Today's Risk Reward Ratio: 4:1