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Daily Newsletter, Friday, 10/18/2002

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PremierInvestor.net Newsletter          Weekend Edition 10-18-2002
                                                    section 1 of 3
Copyright ) 2002, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section one:

Market Wrap:      Bulls Will Not Be Denied
Play-of-the-Day:  Downgraded And Overbought
Watch List:       BA, CCU, FNM, HD, SIE, UVN, and a HUGE radar screen!
Market Sentiment: What I Do, Not What I Say

******************************************************************
MARKET WRAP  (view in courier font for table alignment)
******************************************************************
       WE 10-18        WE 10-11         WE 10-4         WE 9-27
DOW     8322.40 +472.11 7850.29 +321.89 7528.40 - 63.58 -284.57
Nasdaq  1287.86 + 77.39 1210.47 +774.16  436.31 -  9.13 - 22.00
S&P-100  449.02 + 26.34  422.68 + 19.46  403.22 -  4.03 - 10.68
S&P-500  884.39 + 49.07  835.32 + 35.04  800.28 - 14.70 - 18.03
W5000   8323.78 +450.75 7873.03 +274.41 7598.62 -175.00 -150.63
RUT      363.37 + 18.44  344.93 -  3.05  347.98 - 14.29 -  5.51
TRAN    2279.09 +124.42 2154.67 + 16.99 2137.68 - 13.39 +  1.15
VIX       39.82 -  3.62   43.44 -  2.84   46.28 +  3.14 -  1.41
VXN       55.33 -  3.54   58.87 -  1.41   60.28 +  2.42 -  1.22
TRIN       0.80            0.41            1.98            2.09
Put/Call   0.68            0.93            0.97            0.90
******************************************************************

===========
Market Wrap
===========

Bulls Will Not Be Denied
by Jim Brown

Bad news in all flavors failed to hold the markets back and the
markets finished with big gains for the week. For traders this
was the week from hell. It did not make a difference which side
you were on as there was plenty of movement in the opposite
direction. We are three weeks deep into October and with only
two weeks to go the bulls are convinced the bottom is behind us.

Dow Chart



Nasdaq Chart


Friday started off bad despite the good news from Microsoft. The
fact that the earnings were a one time event and they lowered
guidance for the 4Q kept them from rocketing like IBM earlier in
the week. MSFT added +2.37 on Friday but IBM was still climbing
with another +2.05 at 74.25. One of the factors influencing IBM
was short covering by traders that had refused to believe the
market reaction and just "knew" IBM would sell off by the
weekend. Instead the pain just intensified.

The October rally is firmly underway. I know this due to the total
disregard for the fundamentals. I reported on the massive drop in
the book-to-bill ratio for semiconductor orders on Thursday night.
The headline dropped to .84 and the lowest number in a year and
-30% lower than the average of the last five months.
http://www.semi.org/web/wpress.nsf/url/booktobill
This is VERY bad news for the tech sector and semiconductor stocks
especially. You would have expected a bad day for semi stocks on
Friday. Instead the SOX closed at the high of the day and on the
verge of a breakout. Business is getting significantly worse but
nobody seems to care.

Semiconductor Index Chart


Book-To-Bill Chart from Economy.com



Economically there were a couple of negative events on Friday.
The ECRI Leading Indicators almost doubled the decent from the prior
week which was twice as bad as the prior month. The 6-month Growth
Rate dropped -3.4% for the week ended Oct-11th and is the lowest
level since November 2001. Hello, George McFly, there is no recovery!
The Trade Deficit rose to a record -$38.5 billion for August. Money
is flowing out of the U.S. at a record rate.

I give up trying to analyze the psychology of the markets in
October. Fundamentals don't matter. Money is flowing into equities
with estimates of $100 billion from pension funds alone over the
four week period beginning last week. It appears the "fix" is in
and the markets not only climbing the wall of worry but hopping
from gap to gap. The Dow closed at 8331 and ever closer to the
significant resistance of 8400-8600. The Nasdaq also moved closer
to the magic 1300 level. We are far from out of the woods despite
the comments above.

If you think trading this market is hard for retail investors your
right. Shucks, if you could just hire the best traders you could find
and round up about $1 billion in trading capital you would be set,
right? Don't kid yourself. Beacon Hill Asset Management, one of the
biggest hedge-fund managers in the business, announced that it was
closing its biggest hedge funds and selling its remaining positions.
After losing more than 50% or more than $400 million over the last
couple months it was suspending redemptions for six months until
the funds could be liquidated. Beacon Hill was heavy in the bond
market.

There was a rumor Friday night that Bank One (ONE) was going to
buy JPM. This may only be a rumor OR there is a deal to take JPM
out because of an impending failure. There has been a rumor that
JPM has a massive derivative problem that could be taking them
under. Having a white knight with cash show up could help solve
some of those problems while giving the knight a sweet deal in
the process.

Monday we have earnings from MMM before the bell. 3M is the largest
weighted stock on the Dow and any move in MMM is greatly exaggerated
in the Dow. There are many conflicting opinions on the MMM earnings
outlook. 3M has made a point of saying that they are cutting costs
aggressively which, while it may help them hit their estimates, does
not always influence investors. The strongest rumors are that they
will hit estimates but then attempt to talk down the outlook and
claim very low visibility. IBM successfully spun its report this
week and 3M will also try on Monday. How that news would normally
be critical but with fundamentals being ignored we cannot be sure.
Other well known names announcing on Monday are ALTR, ANAD, CD,
JDAS, LXK, VRTS, VTSS.

The focus will be on earnings almost exclusively next week. The
economic calendar is very light with the only material reports
being the Beige book on Wednesday and Durable Good and Sentiment
and Home Sales again on Friday. As I stated above the actual
earnings do not appear to be of interest to the October bulls.
The estimates have been lowered so many times that even Enron
could probably beat earnings this quarter. As I showed you on
Thursday the PE ratios are skyrocketing and stocks are trading
at higher multiples now than during the bubble in October 2000.
Investors are simply tired of the bear market and they want the
October 10th low of 7197 to be the low. Period.

I have to caution you. Even though I am planning to go long on
Monday morning, market willing, it is usually times when the
most traders are bullish that the market suddenly tanks. You
might disagree with me about traders being bullish but you only
need to look at the gains in KLAC, NVLS or MXIM from last week
and compare them to the book-to-bill report. If that is not
irrational exuberance I don't know what is. One third of the
S&P have announced earnings for the quarter with mediocre results.
Alan Abelson, from Barron's, once noted that companies which
announce early tend to post better results than those who
announce later. We will see if he was right and more importantly
if anyone cares.

Enter Very Passively, Exit Very Aggressively!

Jim Brown

"In this game, the market has to keep pitching, but you don't
have to swing. You can stand there with the bat on your shoulder
for six months until you get a fat pitch. "  - Warren Buffett


=========================
Play-of-the-Day (BEARISH)
=========================
(( new non-tech short))

Morgan Stanley - MWD - close: 37.20 change: -0.82 stop: *text*

Company Description:
Morgan Stanley is a global financial services firm and a market
leader in securities, asset management and credit services. With
more than 700 offices in 28 countries, Morgan Stanley connects
people, ideas and capital to help clients achieve their financial
aspirations. (source: company press release)

Why We Like It:
Like many of its brokerage counterparts, shares of MWD have been
trending lower for well over year.  The bursting equity bubble
led to reduced commissions, while the faltering economy sapped
its banking revenues.  More recently shares have been plagued by
the revelations of questionable investment banking relationships
among many of the company's competitors.  Although Morgan Stanley
hasn't fallen victim to any high-profile Public Relations
disasters, that hardly means that they've escaped the SEC's ire.
Just earlier this month, MWD paid $500,000 to settle charges that
it failed to supervise Dean Witter Reynolds, a broker who lost
millions for clients through unauthorized trading in internet
stocks (source: Dow Jones).  Half-a-million bucks is chump change
for large financial corporations such as Morgan, but the
allegations of wrongdoing did not sit well with investors.
Shares tumbled to multi-year lows following the settlement and
did not recover until the broader market began to bounce last
week.

The latest news doesn't give the bulls much to cheer about
either.  S&P downgraded Morgan's debt on Thursday, along with
similar reductions in MER and GS.  The rating agency cited a
"weak operating environment...which has resulted in declining
revenues for the securities industry."  Moody's re-affirmed its
rating on MWD debt after the close today, but Morgan's most
recent earnings report (which featured a 13% decline in year-
over-year Q3 profits) provides ample evidence of those "declining
revenues" that S&P talked about.  Given the surrounding
fundamental negativity, we believe the recent rally in MWD has
offered a shorting opportunity.  Shares are looking painfully
overextended after bouncing more than 30% in just one week.  The
rally came to a dead halt at the 50-dma ($38.47), which is
bolstered by the descending trend of lower highs.  If MWD trades
below $37.00, this play will be activated with a stop at $38.56
(slightly above yesterday's high).  More aggressive traders could
use a stop just above $40.00.  Our initial profit-target will be
in the $31 range, although we won't hesitate to bail out if
shares bounce from previous support at $33.00.

Annotated chart - MWD



Picked on October xxth at $xx.xx
Results since picked:      +0.00
Earnings Date           09/19/02 (confirmed)






==================================================================
WATCH LIST
==================================================================

The PremierInvestor.net watch list is not designed to be read
as full fledged stock picks.  Rather we would prefer to offer
it as an extra tool in today's investor toolbox.  Think of it
as a radar screen with your own radar operator pointing out
interesting developments, technical patterns or potential plays
that you may or may not have seen on your own.  Due to time
constraints we do glance at the news but rarely do we have
time to fully read pertinent news stories, due background
research and other necessary screens that investors should do
before making a decision.  A common exercise is to read the
entry, glance at the sector and other stocks in that industry
and then compare what's happening in the stock to what's
happening in the broader market indices.  We hope you enjoy
the Watch List and that it proves to be a useful tool for your
own trading success.

STOCKS WORTH WATCHING
---------------------------------

Boeing Co. - BA - close: 29.00 change: -0.98

WHAT TO WATCH: Shares of BA have been descending since April, but
recent bad news has sent the stock into an outright tailspin.
The Dow component announced on Wednesday that its Q3 profit
declined by nearly 50% on a year-over-year basis.  That isn't
especially surprising, considering the negative climate in the
aerospace sector.  What really disappointed Wall Street were the
bearish forward-looking comments and reduced guidance for 2003.
Various brokerages rubbed salt in the wound by issuing
downgrades, with today's rating reduction from Deutsche Bank
sending BA to fresh multi-year lows.  This breakdown below $30.00
has offered a potential bearish entry point.  Very short-term
traders could target a move to $27.60, where BA bounced after the
9/11 attacks.  This level will likely pose a challenge for the
bears.  However, given the ugly fundamental picture, shares could
easily break lower and reach the $25.00 area.




---

Clear Channel Comm. - CCU - close: 38.57 change: +1.09

WHAT TO WATCH: Bring up a daily chart for CCU, and you'll see
that the stock has traced a pattern of higher highs since July.
A trendline stretched across these highs coincides with the
stock's current levels.  Shares have gained more than 30% from
last week's lows, so we think the bulls will have a tough time
pushing CCU above this resistance level.  The daily stochastics
confirm that the stock is overbought.  Short entries could be
gauged on a move under today's low ($37.10), which would help to
confirm a rollover.  Short-term traders could target a move to
the 50-dma at $33.48.




---

Fannie Mae - FNM - close: 71.89 change: +3.39

WHAT TO WATCH: The recent rally in bond yields (cause by the bond
market sell-off) has led to a similar rise in shares of FNM, as
rising mortgage rates decrease the company's leverage risk.  The
stock is looking very strong, having just cleared the 50-dma
($70.34) and risen to new relative highs.  Continued selling in
the bond market could propel FNM towards the $75.00 region.
Although aggressive traders could take entries at current levels,
the most prudent strategy entail waiting for a pullback to the
50-dma.  On a related note, student-loan provider Sallie Mae
(SLM) has just broken to all-time highs.  A move back to the $100
area might yield a bullish action point.





---

St. Mary Land & Exploration - MARY - close: 25.40 change: -0.88

WHAT TO WATCH: Trading MARY probably requires the patience of
Job, but those with a longer-term timeframe may be interested in
the recent breakout.  Dating back to May, the stock repeatedly
bumped its head against resistance at $25.00.  The bulls finally
conquered this level on Thursday, thus creating an ascending
triple-top breakout on the p-n-f chart.  The following session
saw shares pull back to consolidate these gains.  MARY formed an
Inside Day, as today's range was contained within the previous
day's range.  Traders could go long on a move above today's high
($25.84).  The weekly chart shows no overhead resistance until
the $32 region, but the $30.00 level might provide a more
reasonable profit target.




---

Home Depot Inc - HD - close: 30.41 change: +1.26

WHAT TO WATCH: Retail stocks haven't exactly been leading the
market higher over the past week, but HD has done a fine job of
shaking off the sector weakness.  Shares outperformed the Dow
Jones today and sliced through the 50-dma ($29.77) and
psychological resistance at $30.00.  Although the stock may be
due for a pullback to consolidate its recent gains, aggressive
traders could consider long entries at current levels.  The daily
chart shows that there's little in the way of overhead resistance
to prevent a test of the $34-$35 region.




---

Helmerich Payne - HP - close: 28.65 change: +0.60

WHAT TO WATCH: We couldn't find any company-specific news to
explain it, but HP gapped sharply lower on October 1st.  This
action may have been related to the company's spin-off of Cimarex
Energy, which began trading on the same day.  The stock has since
rebounded powerfully from the $24.00 level.  With HP now
beginning to fill in the gap, aggressive bulls can look for a
rally to the 50-dma at $32.47.  The bullish MACD crossover is an
indication that shares will continue to rise in the near-term.




---

Pediatrix Medical - PDX - close: 34.92 change: +0.45

WHAT TO WATCH: We really like the bar chart on PDX.  After an
extended consolidation beneath the 200-dma ($34.97), shares are
poised to break above resistance.  The overall trend in the
healthcare sector has been very positive, and if this bullishness
persists it'll just be a matter of time before PDX reaches the
top of its June 10th gap near $37.  Although the stock looks like
it has enough momentum to move towards the $40 region, $37 is
also the location of bearish resistance on the point-and-figure
chart.  It'll take a mighty effort on the part of the bulls to
push PDX above this level.  Still, short-term traders could
target a move to $37.00.  Watch for a breakout above $35.00 to
provide an action point.




---

Sierra Health - SIE - close: 19.60 change: -0.11

WHAT TO WATCH: Here's another strong healthcare stock.  Although
SIE has already experienced a sizeable rally off its 200-dma
($16.32), a move above $20.00 could bring more bulls out of the
woodwork.  With shares already above the 50-dma ($19.11) and
point-and-figure chart showing a double-top breakout, it looks
like SIE could retrace the rest of its late-August selloff.  This
would put the stock at the $22.00 area.  The daily stochastics
are moving south, so we wouldn't advise any long entries until
SIE proves itself by trading above $20.05.  Alternatively,
aggressive bulls could target long positions on a pullback to the
50-dma.  A strong earnings report on Monday afternoon (after the
bell) could provide just the catalyst SIE needs to break
higher...But be sure to wait until AFTER the earnings
announcement to enter positions.




---

Univision Comm. - UVN - close: 25.80 change: +0.35

WHAT TO WATCH: We already have a media/broadcasting stock on our
Play List (VIA.B), but UVN is displaying a very similar bullish
technical pattern.  Strong advertising numbers and positive
brokerage comments have helped to launch the stock off its
relative lows near $20.00.  Shares broke above the $26.00
resistance level today, leading to a triple-top buy signal on the
point-and-figure chart.  Although bearish p-n-f resistance looms
at $28, it looks like shares could eventually trade up to the
$29-$30 region.  Entries can be evaluated on a move above today's
high (26.48) or a pullback to $25.00.  Just keep those stops
tight in case the profit-taking sets in near $28.00.





------------
RADAR SCREEN
------------

ELY - Fore!  Shares of this golfing company have rebounded from
52-week lows and are beginning to fill in the September 27th gap.
Entries could be gauged at current levels, targeting a rally to
the top of the gap near the 50-dma ($13.32).

NOK - Shares of NOK have rallied sharply and broken out above
resistance at the $15 level due to their recent earnings report.
The challenge now is the stock's 200-dma, which has held it back
both Thursday and Friday.  The breakout looks enticing but we
would watch for a pull back to the $15 area before considering
bullish positions.

BAC - This banking stock has performed the unbelievable.  If you
had told traders that BAC would rally from $54 to $70 in just a
few days time - well, most would not have believed you.  Just as
it was oversold at $54 we think it's over bought at $70.  A move
under the 200-dma might be a signal to go short and catch some
profit taking action.

AZO - Despite the incredible rally in the broader markets there
are not a lot of stocks at 52-week highs.  AZO is one of the few
that are.  The move over recent resistance and the close over $85
looks very bullish.  We would consider this a long play candidate
but we feel that the upside potential could be limited by
expected resistance at $90 while support is probably between $81
and $80.  Active day traders may want to follow this one.

SBL - Oil has been a very interesting sector to follow as the
Iraqi situation plays out.  Recently many beaten down oil stocks
have rallied with the broader markets.  Friday's session put SLB
up and over both the $40 mark and its 50-dma.  Normally we might
consider this a bullish play and target the $45 area but a quick
look at the PnF chart shows the sock right at its bearish
resistance.  Interested traders may want to keep an eye on this
one for a PnF breakout.

SBC - SBC has earnings coming up on Oct. 24th but in the mean
time we would keep an eye on it for any short-term moves.  The
challenge is that they could be either direction.  The stock is
at the top of its descending channel but the bullish engulfing
candlestick from Friday is a tempting sign to go long, especially
with the close above $25.  What makes us hesitate is the almost
non-stop rally from the $20 level that is begging for some
consolidation.  Trade this one carefully!

CVH - This is another one of the few stocks that closed at or
near 52-week highs on Friday.  The healthcare sector has been one
of the better performers on a broader basis and CVH is leading
the way.  The breakout over $35 is key and the stock made it to
$38 before pulling back and suffering some profit taking.  We
think the stock can make it to $40 soon but we're hesitant to
chase it.

ROP - Roper Industries has broken out above resistance at the $37
level and has managed to maintain its gains but there is lots of
resistance overhead.  The $40 level is very strong resistance on
the daily chart, plus the PnF chart, plus the 200-dma is quickly
approaching $40.  Nimble traders might be able to scalp the move
to $40 that is likely to happen.  Bears will be looking for an
entry point there.

ROAD - Not quite at a 52-week high but shares of ROAD have been
strong.  We don't play the transport stocks much but this one is
fast approaching a breakout to new all-time highs.  This should
be one bulls will want to watch.

BBOX - Wow!  Here's a computer networking that's moving like the
glory days of 1999.  The stock has rallied from $28.00 just seven
sessions ago to almost $42.  Is this sustainable?  We don't think
so but keep an eye on it for a failure at the 200-dma near $43.
Earnings were Oct. 15th.

PHTN - Yet another incredible move.  This chip stock has been on
fire and the recent rally has moved shares from $16 to north of
$24.  What are the odds that the stock will see some profit
taking after its earnings report this week?

MAG - This is a very low volume stock and we tend to avoid those
but the recent bottoming-action makes it tempting for aggressive
traders willing to speculate on a rebound.  We suggest you do
your homework and find out why the long-drawn out death spiral
from $12 to $2.65 but the move over its 50-dma could portend a
rally to overhead resistance near $6.00.  An alternative would be
to use a trigger above $4.50.  Be careful!  This is not for
everyone.  Earnings are expected on Oct. 30th.

QCOM - Nothing moves up in a straight line so we don't expect the
rally in QCOM to last without some consolidation.  Unfortunately
for the bears the session on Friday closed with a pretty bullish
ending.  We'd be watching this one for a failure near the $40
mark and hope to catch a bearish play on the pull back.  Earnings
are in November.

TER - Looking to play the semis?  Be careful.  So many of them
look very extended.  TER still looks extended from its lows near
$7.00 but the breakout above $10 on Friday was very encouraging
for the bulls.  We think this one bears watching.  Take note of
the 50-dma near 11.70.  Earnings should have been earlier this
week.

FLEX - If the rally in the chip stocks continue we'd watch for a
breakout of FLEX above its 50-dma and the $8.00 level.  A
breakout there might preclude a move to the $10 area, which would
be a nice percentage gain.  Earnings should be this Thursday,
Oct. 24th.

MRK - We've had our eye on MRK for a while now.  The stock has
been hovering the last few days near the top of its descending
channel, which also happens to be below its 200-dma.  We're
tempted to short it but the recent market action has not been
kind to bears.  We're going to keep an eye on it and watch the
stock around the 50-dma (48.78).

BVF - We came super close to adding Biovail as a new long play on
the Premier play list this weekend.  The stock is looking strong
and a breakout above recent highs near $30.55 would be VERY
tempting.  Any close above $30 could be a potential trigger for a
move to its next level of super strong overhead resistance.  This
resistance would be the 200-dma near $36, which happens to
coincide closely with the bearish resistance on the PnF chart at
$35.00.  What makes BVF so tempting is the PnF bullish triangle
breakout.  Earnings are expected on Oct. 29th.  We've decided to
wait and see if we get a pull back to the $27.50 level where we
would probably put our stop now.

MNTR - Looking for a breakout in progress?  MNTR has closed above
significant resistance at $35 for the second session in a row.
The stock looks like it could make it to the $40 level assuming
there are no major market breakdowns to hamper its rally.

PFCB - A great place to eat is also an intriguing stock play.
Shares have come right up to resistance at $35.00 and a breakout
could be a potential trigger for a move up to the $40 area.  The
PnF looks okay but earnings are expected on Oct. 23rd.


================
Market Sentiment
================

What I Do, Not What I Say

by Steven Price

What appeared to be a slam-dunk rally never quite materialized
this morning, instead dropping quickly at the beginning of the
session.  After last night's earnings surprise from Microsoft,
the Dow resistance levels between 8300 and 8400 looked like they
would be nothing more than a shattered glass ceiling.  However,
that glass looked more like Plexiglas at the open, with the Dow
falling quickly more than 100 points in the morning.

By the end of the day, we had rallied back and posted a gain of
47.36, which looked impressive, but wasn't exactly the furious
rally many had expected. It was significant in that it broke
through the 50-dma and the previous support level of 8305, which
had previously appeared to serve as resistance. The average did
stop short of the 61.8% Fib number of 8359, but the Dow does seem
to be forming a new base in the current area.  This consolidation
looks bullish after the 1000-point, four-day rally, has paused
and crept higher, rather than falling back.

The rally was impressive, but I'm left wondering how it will
sustain itself with the constant outflow of assets from stock
funds.  During the week ending October 16, funds saw withdrawals
of $9.3 billion, after losing $2.7 billion the week before.  This
money is coming out of the market during an upswing!  August was
the first time in 14 years that stock funds had seen net
redemptions during a month in which the market increased in
value.  The outflow in August was around $5 billion total for the
month.  Unless there is a sudden influx of cash, which seems
unlikely given the recent surge of layoffs, this month will more
than double August's redemptions.  That's an awfully heavy anchor
to haul up the hill.

We seem to be seeing a large asset allocation from bonds into
stocks, as yields have soared in the 5-year, 10-year and 30-year
treasuries during the recent rally. This represents a selling of
bonds, which was most likely triggered when bonds hit
astronomical levels (as evidenced by extraordinarily low yields),
and stocks dropped to their July lows. The bulls see this as
evidence of real money flowing back into stocks, while bears
wonder if the allocation will shift back in the other direction,
as stocks increase in value, in spite of weak economic
fundamentals.

We have seen a number of sector rebounds, most notably the banks.
The S&P Banks Index (BIX.X) has bounced from a low under 240 just
a week ago, to just below its 50-dma of 285.  That 50-dma may
provide the ceiling, as the Dow hovers near its own. However,
other than Citigroup "sort of " beating earnings estimates, by
including a one time asset sale, nothing has really changed for
the group.  We have seen a similar phenomenon in the retail
sector, where the S&P Retail Index (RLX.X) has rebounded in the
last 10 days from testing support at 250, to finish today at 290.
This rally came in spite of the fact that there has been no
reversal in the trend of poor retail sales.  Wal-Mart came out
and said they should meet expectations for 2-4% same store sales
growth this month, but those growth estimates have come down from
the 4-6% they commonly predicted in previous months.   In
addition, the preliminary Consumer Sentiment number was five
points below expectations, indicating a reluctance to spend on
the part of consumers.

Of course, I can spout off all I want about why the market
shouldn't be going up, and it won't make a bit of difference if
it keeps going.  Therefore, we need to trade what we see.  Right
now, we see strength and a rising Dow. If the average can get
through the aforementioned Fib level of 8359, there is not much
technical resistance until around 8600.  However, I will also be
keeping an eye on the Semiconductor Index (SOX.X).  The SOX
foreshadowed the failed rally in August by failing its 50-dma
while the other major averages soared through their own.  The SOX
is currently trading 268, with the 50-dma at 279.  Keep an eye on
this number and remember to trade what you see.  However, if the
rally begins to fail, remember that it didn't have much substance
behind it to begin with and don't be too anxious to pick a
bottom.


-----------------------------------------------------------------

Market Averages

DJIA ($INDU)

52-week High: 10679
52-week Low :  7286
Current     :  8322

Moving Averages:
(Simple)

 10-dma: 7834
 50-dma: 8263
200-dma: 9370

S&P 500 ($SPX)

52-week High: 1176
52-week Low :  775
Current     :  884

Moving Averages:
(Simple)

 10-dma:  834
 50-dma:  877
200-dma: 1015

Nasdaq-100 ($NDX)

52-week High: 1734
52-week Low :  795
Current     :  956

Moving Averages:
(Simple)

 10-dma:  882
 50-dma:  915
200-dma: 1196


------------------------------------------------------------------

The Semiconductor Index (SOX.X): With the broader markets in rally mode,
it is time to start looking to the SOX for indication of possible failure.
In August, the rally failure was signaled when the VIX failed its 50-dma
(now around 280), while the other major averages were breaking through theirs.
The Dow, SPX and Nasdaq all broke their 50-dmas this week.  Regardless off
what old-time bulls may say, our economy is technology driven and the techs
will have an important impact on the overall market.  If the SOX stalls out
again below the 50-dma, be on the watch for another broad market drop.

52-week High: 657
52-week Low : 263
Current     : 268

Moving Averages:
(Simple)

 10-dma: 241
 50-dma: 279
200-dma: 441



-----------------------------------------------------------------


Market Volatility

The VIX hovered around 40 all day before the weekend premium sellers
finally came in this afternoon selling.  Part of the phenomenon of
expiration Friday is the roll.  The CBOE begins deriving the VIX from
November and December options a week before October expires, in an effort
to avoid using cheap, expiring options with misleading volatility numbers
in the calculation.  On Friday, many firms that have sold OTM September
options for higher premium levels, come back and buy them in for pennies
on expiration Friday.  At the same time, they "roll out" to November and
sell premium in that month, lowering volatility.  Therefore, unless the
market experiences a big move on expiration, volatility drops are common.


CBOE Market Volatility Index (VIX) = 39.82 -0.34
Nasdaq-100 Volatility Index  (VXN) = 55.33 -0.89

-----------------------------------------------------------------

          Put/Call Ratio  Call Volume   Put Volume

Total          0.68        909,573       617,816
Equity Only    0.58        756,930       437,085
OEX            1.00         57,735        57,510
QQQ            1.41         73,305       103,066

-----------------------------------------------------------------

Bullish Percent Data

           Current   Change   Status
NYSE          32      + 1     Bull Correction
NASDAQ-100    42      + 1     Bull Alert
Dow Indust.   43      + 0     Bull Confirmed
S&P 500       38      + 1     Bull Alert
S&P 100       42      + 1     Bull Alert

Bullish percent measures the number of stocks in an index
currently trading on a buy signal on their point and figure
chart.  Readings above 70 are considered overbought, and readings
below 30 are considered oversold.

Bull Confirmed  - Aggressively long
Bull Alert      - Cautiously long
Bull Correction - Pause or pullback in upward trend
Bear Alert      - Take defensive action if long
Bear Confirmed  - High risk if long, good conditions for shorting
Bear Correction - Pause or rebound in downtrend

-----------------------------------------------------------------

5-Day Arms Index   0.95
10-Day Arms Index  1.02
21-Day Arms Index  1.27
55-Day Arms Index  1.33

Extreme readings above 1.5 are bullish, and readings below .85
are bearish.  These signals don't occur often and tend be early,
but when they do, they can signal significant market turning
points.

-----------------------------------------------------------------

Market Internals

        Advancers     Decliners
NYSE       1348          1352
NASDAQ     1670          1518

        New Highs      New Lows
NYSE         28              66
NASDAQ       36              68

        Volume (in millions)
NYSE     1,655
NASDAQ   1,650

-----------------------------------------------------------------

Commitments Of Traders Report: 10/15/02

Weekly COT report discloses positions held by small specs
and commercial traders of index futures contracts at the
Chicago Mercantile Exchange and Chicago Board of Trade. COT data
can be found at www.cftc.gov.

Small specs are the general trading public with commercials being
financial institutions. Commercials are historically on the
correct side of future trend changes while small specs tend
to be wrong.

S&P 500

Not much change for the commercials, who added 2,000 long
contracts and 4,000 shorts, for a net increase of 1600 short
contracts, but not much % change. Small traders increased both
positions for a net overall increase of only 300 long contracts.


Commercials   Long      Short      Net     % Of OI
09/24/02      425,276   442,661   (17,385)   (2.0%)
10/01/02      423,661   440,133   (16,472)   (1.9%)
10/08/02      427,070   445,135   (18,065)   (2.1%)
10/15/02      429,448   449,138   (19,690)   (2.2%)

Most bearish reading of the year: (111,956) -   3/6/02
Most bullish reading of the year: ( 16,472) - 10/01/02

Small Traders Long      Short      Net     % of OI
09/24/02      124,232    73,506    50,726     25.7%
10/01/02      123,371    74,704    48,667     24.5%
10/08/02      131,486    81,010    50,476     23.7%
10/15/02      134,507    83,714    50,793     23.37%

Most bearish reading of the year:  36,513 - 5/01/01
Most bullish reading of the year: 114,510 - 3/26/02

NASDAQ-100

Commercials made little change to the long side, but
reduced shorts by almost 4,000 contracts.  Small traders,
on the other hand, left long positions virtually unchanged,
while more than doubling their short contract positions;
adding a total of almost 7,000 short contracts.


Commercials   Long      Short      Net     % of OI
09/24/02       46,637     54,613    (7,976) ( 7.9%)
10/01/02       46,000     52,976    (6,976) ( 7.0%)
10/08/02       45,384     55,504   (10,120) (10.0%)
10/15/02       45,578     51,969    (6,391) ( 6.6%)

Most bearish reading of the year: (15,521) -  3/13/02
Most bullish reading of the year:   9,068  - 06/11/02

Small Traders  Long     Short      Net     % of OI
09/24/02       11,163     9,421     1,742     8.5%
10/01/02       11,896     9,575     2,321    10.8%
10/08/02       10,735     5,721     5,014    30.4%
10/15/02       10,185    12,478     2,293    10.1%

Most bearish reading of the year: (10,769) - 06/11/02
Most bullish reading of the year:   8,460  -  3/13/02

DOW JONES INDUSTRIAL

Commercials increased long positions by 1,400 contracts,
reducing shorts by 2,000.  Small traders reduced the long
side by 1,800 contracts, while slightly increasing shorts.


Commercials   Long      Short      Net     % of OI
09/24/02       18,951    10,074    8,877      30.6%
10/01/02       18,969     8,903   10,066      36.1%
10/08/02       19,550    11,823    7,727      24.6%
10/15/02       20,914     9,630   11,284      36.9%

Most bearish reading of the year: (8,322) -  1/16/01
Most bullish reading of the year: 15,135  - 10/16/01

Small Traders  Long      Short     Net     % of OI
09/24/02        7,939     9,453    (1,514)   ( 8.7%)
10/01/02        6,809    10,503    (3,694)   (21.3%)
10/08/02        7,890     9,645    (1,755)   (10.0%)
10/15/02        6,040    10,329    (4.289)   (26.2%)

Most bearish reading of the year:  (8,777) - 10/12/01
Most bullish reading of the year:   1,909  -  1/16/01

-----------------------------------------------------------------




Copyright ) 2002  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter          Weekend Edition 10-18-2002
                                                    section 2 of 3
Copyright ) 2002, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section two:

Stock Bottom / Active Trader
  New Bearish Plays:     MWD
  Bullish Play Updates:  SHFL, VIA.B
  Bearish Play Updates:  CMCSK, DIA, MAR
  Closed Bearish Plays:  TGT

High Risk/Reward
  Bearish Play Updates:  YHOO
  Closed Bullish Plays:  ORCL


==================================================================
Stock Bottom / Active Trader (AT) section
==================================================================

============
AT New Plays
============

  -----------------
  New Bearish Plays
  -----------------

Morgan Stanley - MWD - close: 37.20 change: -0.82 stop: *text*

Company Description:
Morgan Stanley is a global financial services firm and a market
leader in securities, asset management and credit services. With
more than 700 offices in 28 countries, Morgan Stanley connects
people, ideas and capital to help clients achieve their financial
aspirations. (source: company press release)

Why We Like It:
Like many of its brokerage counterparts, shares of MWD have been
trending lower for well over year.  The bursting equity bubble
led to reduced commissions, while the faltering economy sapped
its banking revenues.  More recently shares have been plagued by
the revelations of questionable investment banking relationships
among many of the company's competitors.  Although Morgan Stanley
hasn't fallen victim to any high-profile Public Relations
disasters, that hardly means that they've escaped the SEC's ire.
Just earlier this month, MWD paid $500,000 to settle charges that
it failed to supervise Dean Witter Reynolds, a broker who lost
millions for clients through unauthorized trading in internet
stocks (source: Dow Jones).  Half-a-million bucks is chump change
for large financial corporations such as Morgan, but the
allegations of wrongdoing did not sit well with investors.
Shares tumbled to multi-year lows following the settlement and
did not recover until the broader market began to bounce last
week.

The latest news doesn't give the bulls much to cheer about
either.  S&P downgraded Morgan's debt on Thursday, along with
similar reductions in MER and GS.  The rating agency cited a
"weak operating environment...which has resulted in declining
revenues for the securities industry."  Moody's re-affirmed its
rating on MWD debt after the close today, but Morgan's most
recent earnings report (which featured a 13% decline in year-
over-year Q3 profits) provides ample evidence of those "declining
revenues" that S&P talked about.  Given the surrounding
fundamental negativity, we believe the recent rally in MWD has
offered a shorting opportunity.  Shares are looking painfully
overextended after bouncing more than 30% in just one week.  The
rally came to a dead halt at the 50-dma ($38.47), which is
bolstered by the descending trend of lower highs.  If MWD trades
below $37.00, this play will be activated with a stop at $38.56
(slightly above yesterday's high).  More aggressive traders could
use a stop just above $40.00.  Our initial profit-target will be
in the $31 range, although we won't hesitate to bail out if
shares bounce from previous support at $33.00.

Annotated chart - MWD



Picked on October xxth at $xx.xx
Results since picked:      +0.00
Earnings Date           09/19/02 (confirmed)





===============
AT Play Updates
===============

  --------------------
  Bullish Play Updates
  --------------------

Shuffle Master - SHFL - cls: 21.90 chg: unch stop: 20.74

Gaming issues traded without any clear direction on Friday.  MGG,
HET, IGT, and MBG all traded within a dollar of break-even.  Most
of the action in SHFL came early on Friday morning, as shares
dipped towards the $21.00 region and swiftly bounced back.  The
rest of the session saw the stock gradually uptrend and finish
unchanged.  Not the most exciting day, but the bulls can be
encouraged by the way SHFL rebounded from its lows.  On Monday
we'll be looking for shares to break above the $22.00 area and
move towards the relative high of $22.74.  Aggressive traders can
continue to look for new entries on a move above $22.03, but bear
in mind that we've set an exit target at $23.94.  Our stop
remains at $20.74, but those looking to protect a larger gain
could consider taking profits if SHFL begins to roll over from
current levels.

Picked on October 14th at $20.36
Gain since picked:         +1.54
Earnings Date           08/22/02 (confirmed)




---

Viacom Inc (Class B) - VIA.B - cls: 44.17 chg: 0.26 stop: *text*

Much like the broader market, VIA.B traded mostly flat on Friday.
Shares briefly moved under the 200-dma ($43.82) before bouncing back
to finish with a small loss.  The stock never reached our entry
trigger at $45.11, so this play remains inactive.  VIA.B continues to
look technically strong, and we think a breakout will take place if
the market continues to rally next week.  Point-and-figure chartists
will notice that a trade at $45.00 will create a quadruple-top buy
signal.  This would bode very well for a rally to our profit-target
at $49.90.  In the event our play is triggered, our stop will be
set at $41.94.  Also note that we've changed Viacom's earnings
date to October 24th (source: briefing.com).  This date has yet
to be confirmed by the company, but we'll let you know as soon as
they do.

Picked on October xxth at $xx.xx <-- see trigger
Results since picked:      +0.00
Earnings Date           10/24/02 (unconfirmed)




  --------------------
  Bearish Play Updates
  --------------------

Comcast Corp. - CMCSK - close: 21.46 change: +0.06 stop: 22.51

CMCSK gapped lower this morning following last night's earnings
warning from Scientific Atlanta.  This play was activated shortly
thereafter when shares reached our modified entry trigger at
$20.99.  Although the stock managed to erase its early losses and
post a small gain, we believe the bulls were turned back at the
50-dma ($21.72).  Our stop is safely above this level at $22.51.
The daily chart continues to look overextended, as shares begin
to rollover from the top of the descending regression channel.
With the stochastics beginning to falter at overbought levels,
we're expecting the selling pressure to increase in the days to
come.  Traders still looking to open short positions can watch
for a move under today's low ($20.58) or another rollover from
the 50-dma.

Picked on October 18th at $20.99
Results since picked:      -0.47
Earnings Date           10/28/02 (unconfirmed)




---

Diamonds - DIA - close: 83.10 chg: +0.26 stop: 85.01

Honestly we're a bit surprised that our DIA play has not been
stopped out.  When MSFT crushed its earnings numbers last night
almost the entire market was expecting a blow up this morning.
Throw in a couple of bad earnings reports from other companies,
some weakness overseas, and voila, the U.S. markets opened lower.
Most issues were able to quickly recover but more importantly
they were unable to breakthrough current overhead resistance.
Bearish traders should take note.  The trend of higher lows in
the Dow Jones Industrials has us worried.  If it weren't for our
bias that the markets are still in need of a pull back to digest
the 1000 point gain last week we'd be thinking the DJIA was
building steam for a bullish breakout.  The question remains is,
"should a breakout occur, how far will it go?"  The Dow and the
DIA should continue to have resistance at 85 (or 8500 for the
DJIA) but will the expected profit taking occur or will it churn
sideways like it is now near its 50-dma?  We are suggesting that
traders take a wait and see approach.  We don't think this play
will "get away from us" if we don't enter it now and can afford
to sit back and look for the Diamonds to trade back under the $82
level again (hopefully, not on a gap down this time).  Until this
occurs we would not initiate new bearish positions.

Picked on October 15th at $82.80
Results since picked:      -0.30
Earnings Date           xx/xx/xx




---

Marriott Inc - MAR - close: 30.10 chg: -0.30 stop: 32.01

The first part of Friday's session for MAR looked very similar to
the rest of the market.  Down in the morning and then up quickly
as dip buyers picked up the slack and took the markets higher
again.  Unfortunately for MAR the buying ran out of steam near
lunch time and the stock began to falter heading into the
weekend.  MAR still hasn't closed back under the $30 level but it
is getting closer.  The intraday low was 29.92.  We are very
encouraged by Thursday's failure near the 50-dma and today's
weakness as well.  New positions look okay at this level but more
cautious traders may want to see MAR back under the $30 mark
again.

Picked on October 15th at $30.74
Results since picked:      +0.64
Earnings Date           10/03/02 (confirmed)





===============
AT Closed Plays
===============

  --------------------
  Closed Bearish Plays
  --------------------

Target Corp. - TGT - close: 30.87 change: +1.36 stop: 30.85

We're not convinced.  Shares of Target opened lowered on Friday's
session and truthfully they opened a bit lower than we expected.
This put our entry point at $29.05 and we would have been okay
had the stock not abruptly rallied from its lows.  When it
crossed back over the $30 level it was an early warning that the
bulls were not going to let go of this stock before the weekend.
Shares were able to trade slightly higher than Thursday's high
but it was enough to stop us out.  We were attempting to keep our
risk limited with a tight stop but this is one time it backfired
on us.  Shares remain in a down trend but bears may want to take
a step back to see where the bulls run out of steam.  We're not
convinced Friday's strength is anything to bet on and we'll
remain skeptical for the time being.

Picked on October 18th at $29.05
Results since picked:      -1.90
Earnings Date           11/14/02 (unconfirmed)






==================================================================
HIGH RISK/HIGH REWARD (HR) section
==================================================================

===============
HR Play Updates
===============

  --------------------
  Bearish Play Updates
  --------------------

Yahoo! Inc. - YHOO - cls: 15.03 chg: +0.36 stop: 15.26

YHOO finished the week on a bullish note as shares closed above
both the 200-dma ($14.80) and whole-number resistance at $15.00 -
the first time since June that the stock has accomplished that
feat.  With shares approaching our stop-loss, this play is
hanging by a thread.  Looking at the daily chart, the stock
continues to look overextended.  The stochastics are pinned at
overbought and could begin to roll if YHOO starts to retrace its
recent gains.  Thus far, however, the bears just haven't been
able to find any traction.  Shares may have been boosted today by
EBAY's earnings report.  The internet auction company posted
better-than-expected revenue and earnings, but forward-looking
guidance was not as positive.  Although investors seemed to focus
on the positive news, this could change next week if the overall
tech climate becomes more bearish.  We would not recommend taking
any new positions in YHOO at this time.  Monday will be pivotal
for this play.  A rollover from current levels could finally
bring the bears off the sidelines.

Picked on October 15th at $14.42
Results since picked:      -0.61
Earnings Date           10/09/02 (confirmed)





===============
HR Closed Plays
===============

  --------------------
  Closed Bullish Plays
  --------------------

Oracle Corp. - ORCL - close: 9.49 change: -0.37 stop: 9.69

One might have expected the GSO.X software index would trade
higher, following Wall Street's positive reaction to Microsoft's
earnings report.  Of course, the market is pretty darn good at
defying expectations, and the GSO.X actually moved slightly lower
on Friday.  Investors seemed to think that MSFT's positive
numbers, while a boon for the company, were not indicative of an
improving climate in the overall software group.  Some analysts
pointed out that the strong earnings were a result of the new
licensing scheme, not an uptick in IT spending.  In any case,
ORCL did not get the pop we had anticipated.  Shares were
pressured by a downgrade from First Albany, who cut Oracle's
rating from "buy" to "neutral," citing increased competition with
MSFT, trend changes in margins, a slight decline in quarterly
tracking, and valuation concerns.  ORCL gapped lower on this news
and opened below our stop.  Our play was closed at the initial
trade of $9.55, for a gain of 9.3%.  With shares rolling over
from the $10.00 level and daily stochastics beginning to fall
from the upper band, we'd steer clear of any long positions for
the time being.

Picked on October 11th at $8.73
Results since picked:     +0.82
Earnings Date          12/17/02 (unconfirmed)







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Copyright ) 2002  PremierInvestor.net. and
The Premier Investor Network.
Do not duplicate or redistribute in any form.
PremierInvestor.net Newsletter         Weekend Edition 10-18-2002
                                                   Section 3 of 3
Copyright ) 2002, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================

In section three:

Market Watch for Week of October 21st
   - Major Earnings
   - Stock Splits
   - Economic Reports

Trading Ideas
  Value Plays With Bullish Signals
  Breakout to Upside (Stocks $5 to $20)
  Breakout to Upside (Stocks over $20)
  Breakout to Downside (Stocks over $20)
  Recently Overbought With Bearish Signals (Stocks over $20)

=================================================================


=========================================
Market Watch for the week of October 21st
=========================================

------------------------
Major Earnings This Week
------------------------

Symbol  Company               Date           Comment      EPS Est

------------------------- MONDAY -------------------------------

MMM    3M Company            Mon, Oct 21  Before the Bell     1.38
ALTR   Altera Corporation    Mon, Oct 21  After the Bell      0.06
AME    AMETEK                Mon, Oct 21  After the Bell      0.64
ASH    Ashland               Mon, Oct 21  Before the Bell     0.72
BKNG   Banknorth Group       Mon, Oct 21  Before the Bell     0.52
BSG    BISYS Group           Mon, Oct 21  After the Bell      0.20
BG     Bunge Limited         Mon, Oct 21  Before the Bell     0.84
CP     Canadian Pac Rlwy     Mon, Oct 21  After the Bell      0.41
CRR    CARBO Ceramics        Mon, Oct 21  After the Bell      0.35
CECO   Career Education      Mon, Oct 21  After the Bell      0.28
CD     Cendant               Mon, Oct 21  After the Bell      0.28
CF     Charter One Financial Mon, Oct 21  After the Bell      0.61
CNF    CNF Inc.              Mon, Oct 21  Before the Bell     0.39
DNB    D&B Corp.             Mon, Oct 21  After the Bell      0.43
XRAY   DENTSPLY Intl         Mon, Oct 21  After the Bell      0.44
DOV    Dover Corporation     Mon, Oct 21  After the Bell      0.33
EPN    El Paso Enrgy Partnrs Mon, Oct 21  Before the Bell     0.27
EOG    EOG Resources         Mon, Oct 21  After the Bell      0.20
RE     Everest Reinsurance   Mon, Oct 21  After the Bell      1.50
ESA    Extended Stay America Mon, Oct 21  After the Bell      0.22
FHR    Fairmont Htl Resorts  Mon, Oct 21  -----N/A-----       0.45
FISV   Fiserv                Mon, Oct 21  After the Bell      0.34
FTI    Fmc Technologies, Inc Mon, Oct 21  Before the Bell     0.24
HAS    Hasbro                Mon, Oct 21  Before the Bell     0.37
HCA    HCA Inc.              Mon, Oct 21  Before the Bell     0.55
IDXX   Idexx Laboratories    Mon, Oct 21  Before the Bell     0.36
ICBC   Indpendence Comm Bank Mon, Oct 21  After the Bell      0.57
LXK    Lexmark Intl, Inc     Mon, Oct 21  Before the Bell     0.78
LPNT   LifePoint Hospitals   Mon, Oct 21  After the Bell      0.30
LNCR   Lincare Holdings      Mon, Oct 21  -----N/A-----       0.43
MCK    McKesson Corporation  Mon, Oct 21  After the Bell      0.42
NHY    Norsk Hydro           Mon, Oct 21  Before the Bell      N/A
NU     Northeast Utilities   Mon, Oct 21  Before the Bell     0.24
OXY    Occidental Petroleum  Mon, Oct 21  Before the Bell     0.76
RYN    Rayonier              Mon, Oct 21  After the Bell      0.41
RGC    Regal Entrtnmnt Grp   Mon, Oct 21  Before the Bell     0.24
RNR    RenaissanceRe Hldngs  Mon, Oct 21  After the Bell      1.07
TXN    Texas Instruments     Mon, Oct 21  After the Bell      0.10
TZA    TV Azteca S.A. C.V.   Mon, Oct 21  -----N/A-----       0.14
UBSI   United Bankshares     Mon, Oct 21  Before the Bell     0.52
X      US Steel Corp.        Mon, Oct 21  Before the Bell     0.64
VRTS   Veritas Software      Mon, Oct 21  After the Bell      0.13
ZMH    Zimmer Inc.           Mon, Oct 21  After the Bell      0.30

------------------------- TUESDAY ------------------------------

NDN    99 CENTS Only         Tue, Oct 22  Before the Bell     0.19
ABY    Abitibi-Consolidated  Tue, Oct 22  Before the Bell      N/A
ACXM   Acxiom                Tue, Oct 22  After the Bell      0.15
ACS    Affiliated Com Serv   Tue, Oct 22  -----N/A-----       0.50
AFL    AFLAC                 Tue, Oct 22  After the Bell      0.40
ALD    Allied Capital        Tue, Oct 22  Before the Bell     0.52
T      AT&T                  Tue, Oct 22  Before the Bell     0.05
AVB    Avalonbay Communities Tue, Oct 22  After the Bell      0.87
AVY    Avery Dennison        Tue, Oct 22  During the Market   0.72
BPC    Banco Com Portugues   Tue, Oct 22  After the Bell       N/A
BLS    BellSouth             Tue, Oct 22  Before the Bell     0.50
BBI    Blockbuster           Tue, Oct 22  Before the Bell     0.31
BWA    BorgWarner, Inc.      Tue, Oct 22  -----N/A-----       1.14
BSX    Boston Scientific     Tue, Oct 22  After the Bell      0.22
EAT    Brinker Intl          Tue, Oct 22  Before the Bell     0.45
BNI    Burlngtn No. Santa Fe Tue, Oct 22  Before the Bell     0.51
BOBJ   Business Objects S.A  Tue, Oct 22  After the Bell      0.10
CHRW   C.H. Robnsn Worldwide Tue, Oct 22  After the Bell      0.29
CAI    CACI International    Tue, Oct 22  Before the Bell     0.31
CNI    Canadian Natl Railway Tue, Oct 22  After the Bell      0.83
CAH    Cardinal Health       Tue, Oct 22  Before the Bell     0.66
CTX    Centex Corporation    Tue, Oct 22  Before the Bell     1.75
CEY    Certegy               Tue, Oct 22  Before the Bell     0.40
CKFR   CheckFree             Tue, Oct 22  After the Bell      0.12
CTXS   Citrix Systems        Tue, Oct 22  After the Bell      0.06
COH    Coach                 Tue, Oct 22  Before the Bell     0.21
BVN    Comp Minas Benavntra  Tue, Oct 22  -----N/A-----       0.46
CA     Computer Ass Intl     Tue, Oct 22  After the Bell      0.02
CBE    Cooper Industries     Tue, Oct 22  Before the Bell     0.72
ECL    Ecolab                Tue, Oct 22  Before the Bell     0.53
EW     Edwards Lifesciences  Tue, Oct 22  After the Bell      0.31
ELUX   Electrolux Ab         Tue, Oct 22  -----N/A-----       0.80
FII    Federated Investors B Tue, Oct 22  After the Bell      0.43
G      Gillette              Tue, Oct 22  Before the Bell     0.33
HET    Harrah`s Entertain    Tue, Oct 22  -----N/A-----       0.88
HHS    Harte-Hanks           Tue, Oct 22  After the Bell      0.26
HCP    Health Care Property  Tue, Oct 22  Before the Bell     0.87
HMA    Health Mgmt Ass, Inc. Tue, Oct 22  Before the Bell     0.24
HRH    Hilb, Rogal&Hamilton  Tue, Oct 22  Before the Bell     0.46
HNI    Hon Industries        Tue, Oct 22  Before the Bell     0.45
IMN    Imation               Tue, Oct 22  Before the Bell     0.45
IMO    Imperial Oil Limited  Tue, Oct 22  -----N/A-----        N/A
N      Inco                  Tue, Oct 22  -----N/A-----       0.21
IPCR   IPC Holdings          Tue, Oct 22  After the Bell      0.94
JEF    Jefferies Group       Tue, Oct 22  Before the Bell     0.41
KMB    Kimberly Clark        Tue, Oct 22  Before the Bell     0.89
KLAC   KLA-Tencor            Tue, Oct 22  After the Bell      0.23
LRY    Liberty Prop Trust    Tue, Oct 22  -----N/A-----       0.83
LOGI   Logitech Intl         Tue, Oct 22  During the Market   0.30
MCD    McDonalds Corporation Tue, Oct 22  -----N/A-----       0.38
MHP    McGraw-Hill           Tue, Oct 22  Before the Bell     1.40
MDU    MDU Resources         Tue, Oct 22  -----N/A-----       0.70
MWV    MeadWestvaco          Tue, Oct 22  Before the Bell     0.13
MDG    Meridian Gold         Tue, Oct 22  After the Bell      0.11
MGM    Metro-Goldwyn-Mayer   Tue, Oct 22  -----N/A-----      -0.05
MCO    Moody`s               Tue, Oct 22  After the Bell      0.40
NOI    National-Oilwell      Tue, Oct 22  Before the Bell     0.22
NEU    Neuberger Berman      Tue, Oct 22  Before the Bell     0.42
NBP    No. Border Partners   Tue, Oct 22  After the Bell      0.68
ORLY   O`Reilly Automotive   Tue, Oct 22  After the Bell      0.45
OEI    Ocean Energy          Tue, Oct 22  Before the Bell     0.29
OVER   Overture Serv, Inc.   Tue, Oct 22  After the Bell      0.21
OI     Owens Illinois        Tue, Oct 22  After the Bell      0.62
PCAR   Paccar                Tue, Oct 22  Before the Bell     0.76
PTV    Pactiv                Tue, Oct 22  After the Bell      0.35
PTEN   Patterson-UTI Enrg    Tue, Oct 22  Before the Bell     0.00
PHA    Pharmacia Corporation Tue, Oct 22  Before the Bell     0.44
PDG    Placer Dome           Tue, Oct 22  After the Bell      0.08
PL     Protective Life       Tue, Oct 22  After the Bell      0.63
PHM    Pulte Homes Inc.      Tue, Oct 22  Before the Bell     1.81
RJR    R.J. Reynolds Tobacco Tue, Oct 22  Before the Bell     1.54
RSH    Radio Shack Corp      Tue, Oct 22  Before the Bell     0.24
RJF    Raymond James         Tue, Oct 22  -----N/A-----       0.31
RYL    Ryland Group          Tue, Oct 22  Before the Bell     1.52
SRE    Sempra Energy         Tue, Oct 22  Before the Bell     0.62
SHW    Sherwin-Williams      Tue, Oct 22  Before the Bell     0.70
SIAL   Sigma-Aldrich         Tue, Oct 22  After the Bell      0.56
SLAB   Silicon Laboratories  Tue, Oct 22  After the Bell      0.11
SSCC   Smurfit-Stne Con Corp Tue, Oct 22  Before the Bell     0.13
SNA    Snap-On               Tue, Oct 22  Before the Bell     0.33
SPW    SPX                   Tue, Oct 22  Before the Bell     2.25
JOE    St. Joe Company       Tue, Oct 22  Before the Bell     0.14
STM    STMicroelect N.V.     Tue, Oct 22  After the Bell      0.14
SEO    Stora Enso            Tue, Oct 22  -----N/A-----       0.12
STK    Storage Technology    Tue, Oct 22  After the Bell      0.18
TSM    Taiwan Semi Manu Co   Tue, Oct 22  Before the Bell     0.06
TMO    Thermo Electron       Tue, Oct 22  After the Bell      0.23
TDW    Tidewater             Tue, Oct 22  Before the Bell     0.39
TMK    Torchmark             Tue, Oct 22  Before the Bell     0.88
TRI    Triad Hospitals       Tue, Oct 22  After the Bell      0.36
UPS    United Parcel Service Tue, Oct 22  Before the Bell     0.54
VMC    Vulcan Materials      Tue, Oct 22  After the Bell      0.75
WFSL   Wash Fed Savings Bank Tue, Oct 22  -----N/A-----       0.56
WAT    Waters Corporation    Tue, Oct 22  Before the Bell     0.30
WY     Weyerhaeuser          Tue, Oct 22  Before the Bell     0.14
WYE    Wyeth                 Tue, Oct 22  Before the Bell     0.52
XTO    XTO Energy            Tue, Oct 22  Before the Bell     0.36
YRK    York International    Tue, Oct 22  After the Bell      0.70


-----------------------  WEDNESDAY -----------------------------

ADO    Adecco SA             Wed, Oct 23  -----N/A-----        N/A
AMG    Affiliated Man Grp    Wed, Oct 23  -----N/A-----       1.05
AFFX   Affymetrix            Wed, Oct 23  After the Bell      0.02
ARG    Airgas                Wed, Oct 23  After the Bell      0.24
ALB    Albemarle             Wed, Oct 23  Before the Bell     0.42
AXL    Am Axle & Manu Hldng  Wed, Oct 23  -----N/A-----       0.69
AMGN   Amgen                 Wed, Oct 23  After the Bell      0.32
BUD    Anheuser-Busch        Wed, Oct 23  -----N/A-----       0.71
AOL    AOL Time Warner       Wed, Oct 23  After the Bell      0.18
ADM    Archer Daniels Mdld   Wed, Oct 23  -----N/A-----       0.12
AJG    Arthur J. Gallagher   Wed, Oct 23  After the Bell      0.46
AWE    AT&T Wrls Services    Wed, Oct 23  -----N/A-----       0.00
AVX    AVX Corporation       Wed, Oct 23  Before the Bell     0.01
BOH    Bank of Hawaii Corp   Wed, Oct 23  Before the Bell     0.43
BCE    BCE                   Wed, Oct 23  Before the Bell     0.28
BLC    Belo                  Wed, Oct 23  Before the Bell     0.20
BMS    Bemis                 Wed, Oct 23  Before the Bell     0.80
BDK    Black & Decker        Wed, Oct 23  Before the Bell     0.84
BXP    Boston Properties     Wed, Oct 23  -----N/A-----       0.97
CHIR   Chiron                Wed, Oct 23  After the Bell      0.40
CYH    Community Health Sys  Wed, Oct 23  After the Bell      0.23
CVG    Convergys Corporation Wed, Oct 23  -----N/A-----       0.33
CVD    Covance               Wed, Oct 23  After the Bell      0.22
CFR    Cullen/Frost Bankers  Wed, Oct 23  Before the Bell     0.57
CYTC   CYTYC                 Wed, Oct 23  -----N/A-----       0.10
DCX    DaimlerChrysler       Wed, Oct 23  -----N/A-----       0.71
DASTY  Dassault Systemes SA  Wed, Oct 23  -----N/A-----       0.20
DBD    Diebold               Wed, Oct 23  Before the Bell     0.60
DRYR   Dryr`s Grand Ice Crm  Wed, Oct 23  Before the Bell     0.59
DST    DST Systems           Wed, Oct 23  After the Bell      0.44
DD     DuPont                Wed, Oct 23  Before the Bell     0.35
LLY    Eli Lilly             Wed, Oct 23  Before the Bell     0.68
EXPE   Expedia               Wed, Oct 23  After the Bell      0.40
ESRX   Express Scripts A     Wed, Oct 23  After the Bell      0.67
FNF    Fidelity Natl Fncl    Wed, Oct 23  Before the Bell     1.24
FR     First Indl Realty     Wed, Oct 23  After the Bell      0.95
FMBI   First Midwest Bancorp Wed, Oct 23  Before the Bell     0.47
FRE    Freddie Mac           Wed, Oct 23  -----N/A-----       1.26
FBN    Furniture Brands Intl Wed, Oct 23  After the Bell      0.44
GETY   Getty Images          Wed, Oct 23  After the Bell      0.08
GSK    GlaxoSmithKline       Wed, Oct 23  Before the Bell     0.51
GG     Goldcorp              Wed, Oct 23  After the Bell      0.09
GLK    Great Lakes Chemical  Wed, Oct 23  After the Bell      0.25
TV     Grupo Televisa, S.A.  Wed, Oct 23  -----N/A-----       0.37
HLT    Hilton Hotels Corp    Wed, Oct 23  Before the Bell     0.10
HLYW   Hollywood Entertain   Wed, Oct 23  Before the Bell     0.26
ROOM   Hotels.com            Wed, Oct 23  Before the Bell     0.42
IP     International Paper   Wed, Oct 23  Before the Bell     0.31
ISIL   Intersil              Wed, Oct 23  After the Bell      0.18
ITT    ITT Industries        Wed, Oct 23  Before the Bell     0.90
JCI    Johnson Controls      Wed, Oct 23  Before the Bell     2.02
KMT    Kennametal            Wed, Oct 23  -----N/A-----       0.30
LM     Legg Mason            Wed, Oct 23  Before the Bell     0.68
LSI    LSI Logic             Wed, Oct 23  After the Bell     -0.02
LZ     Lubrizol              Wed, Oct 23  Before the Bell     0.55
LU     Lucent Technologies   Wed, Oct 23  Before the Bell    -0.65
MGG    MGM MIRAGE            Wed, Oct 23  Before the Bell     0.47
MCHP   Microchip Technology  Wed, Oct 23  After the Bell      0.17
MCL    Moore Corporation     Wed, Oct 23  After the Bell      0.12
NBR    Nabors Industries     Wed, Oct 23  -----N/A-----       0.11
NSANY  Nissan Motor Co. Ltd. Wed, Oct 23  -----N/A-----        N/A
NRD    NORANDA INC           Wed, Oct 23  After the Bell       N/A
NSC    Norfolk Southern      Wed, Oct 23  Before the Bell     0.32
NCX    Nova Chemical         Wed, Oct 23  Before the Bell     0.00
NUS    Nu Skin               Wed, Oct 23  Before the Bell     0.19
PAS    PepsiAmericas         Wed, Oct 23  Before the Bell     0.33
PMI    PMI Group             Wed, Oct 23  Before the Bell     0.97
POT    Potash Corp Ssktchwn  Wed, Oct 23  -----N/A-----       0.27
PX     Praxair Incorporated  Wed, Oct 23  Before the Bell     0.85
RDN    Radian Group          Wed, Oct 23  After the Bell      1.11
RTN    Raytheon Co.          Wed, Oct 23  After the Bell      0.57
RBK    Reebok International  Wed, Oct 23  Before the Bell     0.78
RCL    Royal Caribbean       Wed, Oct 23  -----N/A-----       0.99
DNY    RR Donnelley          Wed, Oct 23  -----N/A-----       0.53
R      Ryder System          Wed, Oct 23  Before the Bell     0.51
SNY    Sanofi Synthelabo     Wed, Oct 23  -----N/A-----        N/A
SNY    Sanofi Synthelabo     Wed, Oct 23  -----N/A-----        N/A
SEE    Sealed Air            Wed, Oct 23  -----N/A-----       0.63
SRA    Serono S.A.           Wed, Oct 23  Before the Bell     0.13
SPC    St. Paul Companies    Wed, Oct 23  Before the Bell     0.81
SU     Suncor Energy         Wed, Oct 23  -----N/A-----       0.28
TLTOB  Tele2 AB              Wed, Oct 23  -----N/A-----        N/A
EXBD   The Corp Exec Brd Co  Wed, Oct 23  After the Bell      0.20
FAF    The First Am Corp     Wed, Oct 23  Before the Bell     0.57
VARI   Varian, Inc.          Wed, Oct 23  After the Bell      0.38
WLP    WellPoint Health Net  Wed, Oct 23  After the Bell      1.13
WWY    Wm. Wrigley Jr.       Wed, Oct 23  -----N/A-----       0.46
XRX    Xerox                 Wed, Oct 23  Before the Bell     0.02


------------------------- THURSDAY -----------------------------

TW     21st Century Ins      Thu, Oct 24  Before the Bell     0.10
ABB    ABB Ltd.              Thu, Oct 24  Before the Bell      N/A
RKY    Adolph Coors          Thu, Oct 24  Before the Bell     1.26
AG     AGCO                  Thu, Oct 24  Before the Bell     0.18
APD    Air Products Chem     Thu, Oct 24  Before the Bell     0.64
ACV    Alberto-Culver        Thu, Oct 24  During the Market   0.66
ACL    Alcon Inc.            Thu, Oct 24  -----N/A-----       0.34
AGN    Allergan              Thu, Oct 24  -----N/A-----       0.45
AMZN   Amazon.com            Thu, Oct 24  After the Bell     -0.04
AHC    Amerada Hess          Thu, Oct 24  -----N/A-----       1.22
AIG    American Intl Grp     Thu, Oct 24  -----N/A-----       0.88
AVZ    AMVESCAP PLC          Thu, Oct 24  Before the Bell     0.20
APA    Apache                Thu, Oct 24  Before the Bell     1.00
ABI    Applied Biosystems    Thu, Oct 24  Before the Bell     0.15
ARW    Arrow Electronics     Thu, Oct 24  -----N/A-----       0.00
AZN    AstraZeneca PLC       Thu, Oct 24  -----N/A-----       0.36
ANZ    Aus New Zea Bank Grp  Thu, Oct 24  -----N/A-----        N/A
AN     AutoNation            Thu, Oct 24  Before the Bell     0.30
BHI    Baker Hughes          Thu, Oct 24  Before the Bell     0.21
BLL    Ball                  Thu, Oct 24  Before the Bell     0.88
ABX    Barrick Gold          Thu, Oct 24  -----N/A-----       0.06
BMC    BMC Software          Thu, Oct 24  After the Bell      0.04
BYD    Boyd Gaming           Thu, Oct 24  After the Bell      0.25
CBT    Cabot                 Thu, Oct 24  After the Bell      0.34
CMX    Caremark Rx           Thu, Oct 24  Before the Bell     0.28
CELG   Celgene               Thu, Oct 24  Before the Bell    -0.01
CTL    CenturyTel, Inc.      Thu, Oct 24  Before the Bell     0.50
CINF   Cincinnati Financial  Thu, Oct 24  -----N/A-----       0.41
CIN    Cinergy               Thu, Oct 24  -----N/A-----       0.78
COLM   Columbia Sportswear   Thu, Oct 24  After the Bell      1.34
CFB    Commercial Federal    Thu, Oct 24  Before the Bell     0.55
CCR    Countrywide Crdt Ind  Thu, Oct 24  Before the Bell     1.64
CSX    CSX                   Thu, Oct 24  Before the Bell     0.55
DP     Diagnostic Products   Thu, Oct 24  Before the Bell     0.38
DLTR   Dollar Tree Stores    Thu, Oct 24  After the Bell      0.16
DOW    Dow Chemical          Thu, Oct 24  Before the Bell     0.16
DUK    Duke Energy           Thu, Oct 24  -----N/A-----       0.57
EMN    Eastman Chemical      Thu, Oct 24  After the Bell      0.35
EK     Eastman Kodak         Thu, Oct 24  Before the Bell     0.86
ELX    Emulex                Thu, Oct 24  -----N/A-----       0.16
EEP    Enbridge Enrg Prtnrs  Thu, Oct 24  After the Bell      0.44
EC     Engelhard             Thu, Oct 24  Before the Bell     0.47
FLEX   Flextronics           Thu, Oct 24  After the Bell      0.08
BEN    Franklin Resources    Thu, Oct 24  After the Bell      0.44
HSC    Harsco Corporation    Thu, Oct 24  -----N/A-----       0.68
HCR    HCR Manor Care        Thu, Oct 24  Before the Bell     0.36
HNT    Health Net, Inc.      Thu, Oct 24  After the Bell      0.54
HR     Healthcare Rlty Trust Thu, Oct 24  After the Bell      0.68
IDT    IDT Corporation       Thu, Oct 24  -----N/A-----        N/A
IKN    Ikon Office Solutions Thu, Oct 24  Before the Bell     0.21
IGL    IMC Global            Thu, Oct 24  Before the Bell     0.05
IDCO   Interactive Data Corp Thu, Oct 24  Before the Bell     0.16
ITMN   InterMune, Inc.       Thu, Oct 24  After the Bell     -0.93
IVGN   Invitrogen            Thu, Oct 24  After the Bell      0.46
SFI    iStar Financial Inc.  Thu, Oct 24  Before the Bell      N/A
JDSU   JDS Uniphase          Thu, Oct 24  After the Bell     -0.07
KSE    KeySpan Corporation   Thu, Oct 24  Before the Bell     0.05
KB     Kookmin Bank          Thu, Oct 24  -----N/A-----        N/A
LR     Lafarge               Thu, Oct 24  -----N/A-----        N/A
MFC    Manulife Financial    Thu, Oct 24  -----N/A-----       0.44
MRO    Marathon Oil Corp.    Thu, Oct 24  Before the Bell     0.52
MEDI   MedImmune             Thu, Oct 24  Before the Bell    -0.14
NFG    National Fuel Gas     Thu, Oct 24  After the Bell      0.06
NCR    NCR                   Thu, Oct 24  Before the Bell     0.34
NXTL   Nextel Communications Thu, Oct 24  Before the Bell     0.04
NE     Noble Corporation     Thu, Oct 24  -----N/A-----       0.37
NST    NSTAR                 Thu, Oct 24  -----N/A-----       1.38
ONB    Old National Bancorp  Thu, Oct 24  Before the Bell     0.45
ORI    Old Republic Intl     Thu, Oct 24  -----N/A-----       0.77
POC    P & O Prncess Cruises Thu, Oct 24  -----N/A-----       0.91
PPE    Park Place Entertain  Thu, Oct 24  -----N/A-----       0.15
PY     Pechiney              Thu, Oct 24  -----N/A-----       0.32
POM    Pepco Holdings, Inc.  Thu, Oct 24  -----N/A-----       0.89
PXD    Pioneer Natural Res   Thu, Oct 24  Before the Bell     0.13
PDE    Pride Intl Inc.       Thu, Oct 24  After the Bell      0.00
RGA    Reinsurance Grp of Am Thu, Oct 24  After the Bell      0.69
RESP   Respironics, Inc.     Thu, Oct 24  Before the Bell     0.32
SLE    Sara Lee              Thu, Oct 24  -----N/A-----       0.34
SBC    SBC Communications    Thu, Oct 24  Before the Bell     0.54
SGP    Schering-Plough       Thu, Oct 24  Before the Bell     0.28
SCIO   Scios                 Thu, Oct 24  Before the Bell    -0.54
SCRI   SICOR                 Thu, Oct 24  -----N/A-----       0.20
SFG    StanCorp Fincl Grp    Thu, Oct 24  Before the Bell     1.01
HOT    Starwood Htls & Rsrts Thu, Oct 24  Before the Bell     0.26
STE    Steris                Thu, Oct 24  Before the Bell     0.24
SDS    SunGard Data Systems  Thu, Oct 24  After the Bell      0.28
SUN    Sunoco                Thu, Oct 24  Before the Bell     0.40
TECH   Techne                Thu, Oct 24  Before the Bell     0.25
MNI    The McClatchy Company Thu, Oct 24  Before the Bell     0.69
TRH    Transatlantic Hldngs  Thu, Oct 24  Before the Bell     1.15
TYC    Tyco International    Thu, Oct 24  Before the Bell     0.32
UNP    Union Pacific         Thu, Oct 24  Before the Bell     1.42
UCL    Unocal                Thu, Oct 24  Before the Bell     0.54
UPM    UPM-Kymmene Group     Thu, Oct 24  Before the Bell     0.50
USAI   USA Interactive       Thu, Oct 24  Before the Bell     0.09
VCI    Valassis              Thu, Oct 24  Before the Bell     0.60
VAR    Varian Medical        Thu, Oct 24  After the Bell      0.45
VVC    Vectren               Thu, Oct 24  After the Bell      0.24
VRSN   VeriSign              Thu, Oct 24  After the Bell      0.14
VVI    Viad                  Thu, Oct 24  Before the Bell     0.35
WDR    Waddell&Reed Finl     Thu, Oct 24  Before the Bell     0.27
WFT    Weatherford           Thu, Oct 24  After the Bell      0.29
WEN    Wendy`s International Thu, Oct 24  -----N/A-----       0.52


------------------------- FRIDAY -------------------------------

LNT    Alliant Energy        Fri, Oct 25  Before the Bell     0.68
AT     Alltel Corporation    Fri, Oct 25  Before the Bell     0.80
AEP    American Elec Power   Fri, Oct 25  -----N/A-----       1.06
BEC    Beckman Coulter       Fri, Oct 25  Before the Bell     0.52
BC     Brunswick             Fri, Oct 25  Before the Bell     0.27
KOF    Coca-Cola FEMSA,      Fri, Oct 25  Before the Bell     0.48
CTC    Comp Telecom de Chile Fri, Oct 25  -----N/A-----       0.02
DCN    Dana                  Fri, Oct 25  -----N/A-----       0.26
RDY    Dr. Reddy`s Lab       Fri, Oct 25  -----N/A-----        N/A
EAS    Energy East           Fri, Oct 25  After the Bell      0.16
ERIE   Erie Indemnity        Fri, Oct 25  -----N/A-----       0.73
FMX    FEMSA                 Fri, Oct 25  Before the Bell     0.81
LMT    Lockheed Martin       Fri, Oct 25  Before the Bell     0.65
PGL    Peoples Energy        Fri, Oct 25  Before the Bell     0.02
RDA    Reader`s Digest Ass   Fri, Oct 25  Before the Bell     0.02
ROH    Rohm and Haas         Fri, Oct 25  Before the Bell     0.41
SCG    SCANA                 Fri, Oct 25  Before the Bell     0.70
SNRA   Sonera Group plc      Fri, Oct 25  Before the Bell      N/A
SYT    Syngenta AG           Fri, Oct 25  -----N/A-----        N/A
SYY    Sysco                 Fri, Oct 25  Before the Bell     0.28
TROW   T. Rowe Price         Fri, Oct 25  Before the Bell     0.37
VRC    Varco                 Fri, Oct 25  Before the Bell     0.22
VZ     Verizon Comm          Fri, Oct 25  Before the Bell     0.77
WEC    Wisconsin Energy      Fri, Oct 25  Before the Bell     0.50


----------------------------------------------
Upcoming Stock Splits In The Next Two Weeks...
----------------------------------------------

Symbol  Company Name              Ratio    Payable     Executable

SPW     SPW Corp.                 2:1      10/24       10/25
CPBI    CPB Inc.                  2:1      10/25       10/28
EASI    Engineered Support Sys.   3:2      10/31       11/02


--------------------------
Economic Reports This Week
--------------------------

The new home sales numbers and sentiment report on Friday are the
big economic reports this week but third quarter earnings will
remain the headlining attraction on Wall Street.

==============================================================
                       -For-

Monday, 10/21/02
----------------
Leading Indicators (DM) Sep  Forecast:  -0.2%  Previous:    -0.2%
Treasury Budget (DM)    Sep  Forecast: $43.0B  Previous:   $35.4B

Tuesday, 10/22/02
-----------------
None


Wednesday, 10/23/02
-------------------
Fed’s Beige Book (DM)


Thursday, 10/24/02
------------------
Initial Claims (BB)   10/19  Forecast:   405K  Previous:     411K


Friday, 10/25/02
----------------
Durable Orders (BB)     Sep  Forecast:  -2.0%  Previous:    -0.4%
Mich Sentiment-Rev (DM) Oct  Forecast:   81.0  Previous:     80.4
New Home Sales (DM)     Sep  Forecast:   985K  Previous:     996K
Existing Home Sales (DM)Sep  Forecast:  5.35M  Previous:    5.28M


Definitions:
DM=  During the Market
BB=  Before the Bell
AB=  After the Bell
NA=  Not Available



==================
  Trading Ideas
==================

This section contains stocks that meet criteria which may make
them of interest to long and short side traders.  These are not
recommendations, nor have they been reviewed by PremierInvestor
editors for investment potential.  However, each of them has
technical and fundamental characteristics that make them worthy
of further review by traders and investors looking for fresh ideas.
New stocks will appear daily following the market close.


Value Plays With Bullish Signals
---------------------------------
Ticker  Company Name               Close     Change

SEO     Stora Enso Oyj             10.98     +0.53
PGN     Progress Energy            38.28     +0.98
AF      Astoria Financial          26.00     +1.00
ELY     Callaway Golf Co           11.54     +0.81
ACAI    Atlantic Coast Airlines    11.91     +0.70
PPD     Pre-Paid Legal Services    20.16     +0.53

---------------------------------------
Breakout to Upside (Stocks $5 to $20)
---------------------------------------
Ticker  Company Name               Close     Change

SAP     SAP Ag Ads                 18.15     +1.30
RATL    Rational Software           6.85     +1.25
LRCX    Lam Research               11.13     +1.46
CREE    Cree Inc                   14.98     +1.88
AVID    Avid Technology            12.52     +2.51
MESA    Mesa Air Group Inc          5.07     +1.07

---------------------------------------
Breakout to Upside (Stocks over $20)
---------------------------------------
Ticker  Company Name               Close     Change

MSFT    Microsoft Corp             53.15     +2.38
SLM     SLM Corp                  105.15     +4.41
IR      Ingersoll-Rand Ltd         38.46     +1.29
PCAR    Paccar Inc                 41.50     +2.65
LAB     Labranche & Co             25.05     +2.12
BARZ    Barra Inc                  33.50     +2.47
PHTN    Photon Dynamics Inc        24.27     +2.93

-------------------------------------------
Breakout to Downside (Stocks over $20)
-------------------------------------------
Ticker  Company Name               Close     Change

SHR     Schering Ag Ads            45.17     -5.53
OMG     OM Group Inc               32.25     -4.32
LSTR    Landstar System Inc        45.20     -7.43
DRS     DRS Technologies           29.50     -1.15

-----------------------------------------
Recently Overbought With Bearish Signals (Stocks over $20)
-------------------------------------------
Ticker  Company Name               Close     Change

VCI     Valassis Communications    34.26     -1.25




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