* Today's Sector Analysis: "Electronics " Institutional Technical Viewpoint
Buy Alert! Qlogic Corp  (QLGC): $43.75 Stop.  $41.13 P-Stop  $60.00 P-Objective
Dow Jones Ind: 9,462.90 plus 117.28 points Oct 25, 2001 * Price Objective: 9,900    Volume Two No. 1385
TICKER COMPANY NAME BUY!
SELL
RSI INDEX
* OPTIONS
ENTRY
PRICE
STOPS
10/26/01
PRICE
OBJ
CLOSE
PRICE
* AMAT APPLIED MATERIALS BUY! *   RSI: 59 $38.13 $35.63 $50.00 $37.43
CHKP CHECK POINT SOFT BUY! *   RSI: 59 $33.50 $30.75 $57.00 $33.33
* CRUS CIRRUS LOGIC INC BUY! *   RSI: 63 $12.63 $11.63 $21.00 $12.24
* FLEX FLEXTRONICS INT'L BUY! *   RSI: 67 $24.87 $22.87 $39.00 $24.68
* NVDA NVIDIA CORPORATION BUY! *   RSI: 71 $50.25 $47.50 $80.00 $49.31
PDLI PROTEIN DESIGN LABS BUY! *   RSI: 70 $34.38 $31.75 $50.00 $34.17
QQQ NASDAQ 100 TR SERIES BUY! *   RSI: 65 $36.88 $34.25 $54.00 $36.80
VRSN VERISIGN INC BUY! *   RSI: 64 $53.50 $50.75 $66.00 $53.34
Electronics   KLAC: $45.38  PMCS: $19.13  XLNX: $33.63 Buy Alerts  JDSU: $10.13  RSTN: $13.63  SANM: $17.38

NOVELLUS SYSTEMS (NVLS-Nasdaq): Technical Viewpoint: From a low of $25.37 on Nov 3, 2001 prices rallied, reaching a high of $34.30 on Oct 12, 2001. A decline saw prices pull back, reaching a low of $28.28 on Oct 19, 2001. Another rally saw prices penetrate resistance, closing 10/25/01 at $36.23. Technicals: MACD Index (MACD): A Buy Alert! was given on Oct 4, 2001 when the solid line crossed the dotted line to the upside. Support: Remains at $32.75. Resistance: Is at $45.00. Point & Figure: Reversed to the upside on Oct 23, 2001. A P&F upside reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! NOVELLUS SYSTEMS (NVLS-Nasdaq) @ $36.75 Stop: Use a protective stop of $34.13. NOVELLUS SYSTEMS is currently trading @ $36.23 plus $2.21 on Oct 25, 2001. Price Objective: $48.00. Risk/Reward: $2.63 VS. $11.25. Today's Risk Reward Ratio: 4:1


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