EATON CORP (ETN-NYSE): Technical Viewpoint: From a low of $66.30 on Jun 26, 2001 prices rallied, reaching a high of $73.50 on Jul 5, 2001. A decline saw prices pull back, reaching a low of $68.98 on Jul 11, 2001. Another rally saw prices penetrate resistance, closing 8/3/01 at $74.99. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 2, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $70.50. Resistance: Is at $75.70. Point & Figure: Reversed to the upside on Jul 26, 2001. A P&F upside reversal takes place at $72.00. Summary: Technical indicators have turned bullish. BUY! EATON CORP (ETN-NYSE) @ $75.12 Stop: Use a protective stop of $72.50. EATON CORP is currently trading @ $74.99 plus $1.00 on Aug 3, 2001. Price Objective: $85.00. Risk/Reward: $2.62 VS. $9.88. Today's Risk Reward Ratio: 4:1