* Today's Sector Analysis: "Drugs " Institutional Technical Viewpoint
Buy Alert! Qualcomm Inc  (QCOM): $53.50 Stop.  $50.50 P-Stop  $72.75 P-Objective
Dow Jones Ind: 9,345.62 plus 5.54 points Oct 24, 2001 * Price Objective: 9,900    Volume Two No. 1384
TICKER COMPANY NAME BUY!
SELL
RSI INDEX
* OPTIONS
ENTRY
PRICE
STOPS
10/25/01
PRICE
OBJ
CLOSE
PRICE
BRCM BROADCOM CORP BUY! *   RSI: 64 $36.13 $33.50 $46.00 $35.79
CCMP CABOT MICROELECTRONICS BUY! *   RSI: 59 $61.75 $59.13 $70.00 $61.69
EMLX EMULEX CORP BUY! *   RSI: 72 $26.75 $24.75 $35.50 $26.29
IBM INT'L BUSINESS MACH BUY! *   RSI: 71 $108.88 $105.88 $121.00 $108.57
JNPR JUNIPER NETWORKS BUY! *   RSI: 76 $27.38 $25.38 $36.00 $27.01
NNS NEWPORT NEWS SHIPBLDG BUY! *   RSI: 60 $71.63 $68.88 $80.25 $71.25
QLGC QLOGIC CORP BUY! *   RSI: 67 $41.88 $39.13 $54.00 $41.75
VRTS VERITAS SOFTWARE CP BUY! *   RSI: 63 $31.63 $39.38 $42.00 $31.52
Drugs   AFFX: $21.75  GENZ: $53.75  GILD: $68.75 Buy Alerts  EMLX: $26.75  NTAP: $12.88  PATH: $29.13

BROCADE COMMUNICATIONS (BRCD-Nasdaq): Technical Viewpoint: From a low of $12.63 on Oct 1, 2001 prices rallied, reaching a high of $26.00 on Oct 12, 2001. A decline saw prices pull back, reaching a low of $20.11 on Oct 18, 2001. Another rally saw prices penetrate resistance, closing 10/24/01 at $27.10. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 16, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $24.50. Resistance: Is at $35.75. Point & Figure: Reversed to the upside on Oct 19, 2001. A P&F upside reversal takes place at $24.00. Summary: Technical indicators have turned bullish. BUY! BROCADE COMMUNICATIONS (BRCD-Nasdaq) @ $27.50 Stop: Use a protective stop of $25.50. BROCADE COMMUNICATIONS is currently trading @ $27.10 plus $3.00 on Oct 24, 2001. Price Objective: $40.00. Risk/Reward: $2.00 VS. $12.50. Today's Risk Reward Ratio: 6:1


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