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Begin part 2 of 2

THE PLAYS

Good moves Tuesday: AGYS; AVO; CLF; DECK; JAKK; KMRT; PMTI; RIMM; SAPE; SNDA

NEW PLAYS:

Downside:

Play Date: 09/07/2004
SVU (Supervalu--$27.18; +0.16; optionable): Wholesale food.
http://biz.yahoo.com/p/s/svu.html
STATUS: Put. SVU peaked in June and has sold below the 18 day EMA (27.91). It has used that moving average as resistance on the entire drop. Friday it tapped the 18 day and Tuesday it tried to make the break over that resistance but failed. Volume failed also, fading well below average. Looking for it to roll over from here and continue the trend lower. Looking for a gain in the 42%ish range.
Volume: 546.4K Avg Volume: 748.181K
BUY POINT: $26.88 Volume=850K Target=$25.32 Stop=$27.22
POSITION: SVU VF - Oct. $30p (-90 delta)
http://www.investmenthouse.com/ct/svu.html

Upside:

Play Date: 09/07/2004
PRXL (Parexel Intl.--$20.23; +0.41; optionable): Biopharmaceutical services (marketing, clinical research, etc.)
http://biz.yahoo.com/p/p/prxl.html
STATUS: Double bottom w/handle. PRXL is trying the breakout move from a 12 week base to take it to a multiyear high. It formed the two legs on the 200 day SMA (18.35) and the handle over the 50 day EMA (19.21). It started the break higher last week, but no volume went with it. Tuesday volume jumped to average as it hit last weeks high intraday. Solid money flow and positive 3 to 2 accumulation shows net buying. Looking for a strong volume surged as it continues the breakout move.
Volume: 99.812K Avg Volume: 117.318K
BUY POINT: $20.54 Volume=176K Target=$24.48 Stop=$19.62
POSITION: VBQ LD - Dec. $20c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/prxl.html

Play Date: 09/07/2004
STLD (Steel Dynamics--$34.20; +1.86; optionable): Steel & iron
http://biz.yahoo.com/p/s/stld.html
After Hours: $34.10
STATUS: Breakout. Volume surged as STLD broke out from an 8 week triangle that formed over the 50 day EMA (30.43), making higher and higher lows above that level. Accumulation in the base is positive at 2 to 1, indicating net buyers as it took a breather from another good breakout in June. Relative strength is making the breakout as well, a good corroboration of the price move. Looking to start positions on a further move higher on some good trade and then again on a successful test.
Volume: 1.722M Avg Volume: 748.318K
BUY POINT: $34.38 Volume=750K Target=$39 Stop=$33.55
POSITION: RQL BG - Feb. $35c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/stld.html

CONTINUING PLAY TABLE:

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LEGEND

DATE: date play first appeared on report.

PLAY: Denotes the type of pattern or play.
Upside play types: Asc Tri=Ascending triangle/wedge; BO=Breakout; Cup=Cup base; Cup hdl=Cup w/handle; DB hdl=Double bottom w/handle; Dbl btm=Double bottom; Flat=Flat base; FlyPlat=Flying Plateau; Pennant=Pennant; Rv H&S=Reverse head & shoulders; Saucer=Saucer base; Test 18=Testing 18 day MVA; Test 50=Testing 50 day MVA; Test BO=Testing the breakout (could be 10 day MVA test, etc.)
Downside play types: CCall=Covered Call; Dsc Tri=Descending triangle/wedge; Dbl Top=Double top; H&S=Head & shoulders; Put (generic downside);

PIVOT=Buy point

Tgt=Target stock price for the play. Applies to stock and options.

Vol=Volume for the most recent session.

TgtV=Target volume to enter the play.

Stop=Stop advisory point. This is advisory and we may or may not exit a play if it hits this level depending upon market conditions.

Upside Plays

Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop

AEOS 07/27 Flat 36.85 +0.79 31.18 36.32 1.7M 2.3M 35.89
Current.

AGYS 08/14 Test BO 16.28 +0.7 15.16 17.84 424K 276K 15.24
Current.

ANSS 09/02 PreSplt 45.64 +0.21 46.35 52 42K 120K 45.38
Buy Not Issued.

APCS 08/19 Flat 7.72 -0.26 8.32 9.98 1M 2.2M 7.95
Buy Not Issued.

AVN 08/28 Test BO 2.91 -0.03 2.51 3.64 2M 1M 2.78
Current.

BEAV 08/10 Test BO 11.2 +0.2 10.29 12.38 440K 600K 10.78
Current.

BGC 08/07 Cup hdl 10.73 -0.1 10.29 12.38 324K 581K 10.68
Current.

BOL 08/26 DB hdl 67.22 +0.84 67.85 73.48 576K 578K 65.78
Current.

CLE 09/01 Test BO 25.03 -0.36 25.22 28.48 898K 725K 24.72
Current.

CLF 08/16 Cup hdl 71.16 +2.87 66.14 74 410K 454K 66.32
Current.

CME 08/24 DB hdl 144.51 +7.51 138.88 154 1.1M 928K 136.38
Buy Not Hit.

COO 08/23 Test 50 65.1 -0.75 60.88 66.56 452K 650K 64.97
Trailing Stop.

CSAR 08/26 Test BO 16.5 +0.15 16.55 19.38 196K 175K 16.45
Current.

CSAR 08/16 Test BO 16.5 +0.15 15.21 17.72 196K 175K 16.45
Current.

CTSH 09/04 Cup 27.4 -0.09 28.12 38.25 1.2M 1.6M 27.55
Buy Not Hit.

CWTR 08/30 Test BO 21.02 +0.84 20.39 24.22 453K 400K 19.72
Current.

DKS 09/01 Rv H&S 33.5 +0.29 33.44 38.24 309K 1.1M 32.31
Current.

DO 08/31 Cup hdl 27.07 -0.13 25.48 29 1.2M 1.3M 26.72
Current.

DUSA 08/25 DB hdl 11.78 -0.18 11.15 13.25 149K 310K 11.62
Trailing Stop.

EBAY 08/31 DB hdl 89.1 -0.28 88.05 99.94 10M 14M 87.44
Current.

ECIL 08/28 Cup hdl 7.11 +0.11 7.12 8.55 286K 450K 7.89
Buy Not Issued.

FAST 08/21 Flat 60.8 -2.3 63.12 71 1.4M 937K 62.24
Exited.

GENZ 08/24 Cup hdl 54.45 +0.44 53.43 60 1.4M 3.2M 53.55
Current.

GIVN 09/01 Flat 38.85 +0.13 37.25 42.45 427K 431K 38.25
Current.

HANS 09/01 Cup hdl 27.35 +0.25 26.12 30 727K 550K 26.45
Current.

INSP 08/18 Cup 41.5 +2.24 38.38 43.55 1.7M 1.5M 38.55
Current.

ISRG 08/09 Test BO 26.28 -0.67 22.71 26.05 693K 400K 26.59
Current.

KMRT 08/18 Dbl btm 84.1 +2.02 80.22 92 2.8M 3.6M 80.89
Current.

LIFC 09/04 Dbl btm 9.52 +0.22 9.63 11.59 496K 450K 8.96
Entered today. Disappointing action. Took off on strong volume but
then gave it all bach by the close, managing to hold
the 50 day SMA.

LLL 09/04 Cup hdl 63.73 +0.1 64.41 72.45 443K 1.2M 62.97
Buy Not Issued.

LSTR 08/30 DB hdl 54.34 +0.99 53.76 59.42 269K 334K 52.22
Buy Not Issued.

MBT 08/07 Cup 145.2 +4.45 122.65 135 497K 500K 138
Current.

MCIP 08/12 Test 50 17.34 +0.09 17.11 20 1.6M 5.1M 17.08
Current.

MDCC 08/31 Test 18 24.44 +0.46 23.93 26.95 164K 300K 23.22
Current.

NUS 08/11 Test BO 26.39 +0.26 26.39 30.42 170K 475K 25.88
Buy Not Issued.

OCAS 08/31 Asc Tri 20.85 +0.35 20.12 23.12 309K 358K 20.14
Current.

PHRM 08/25 Dbl btm 49.9 +0.47 49.85 57.75 264K 773K 48.98
Current.

PMTI 08/23 Dbl btm 21.5 +2.68 18.44 21.95 934K 222K 18.24
Current.

POOL 09/07 Cup 44.99 +1 45.14 49.18 266K 300K 44.42
Entered today. Volume jumped higher early as POOL started a pre-split move. In the afternoon volume lagged & pool slipped
off the highs. Solid pattern and stock.

PPDI 07/24 Test BO 35.37 +0.8 34.75 40.75 261K 650K 34.05
Buy Not Issued.

QCOM 08/31 FlyPlat 39.33 +0.84 38.82 45 15M 11M 37.59
Current.

QCOM 08/14 Flat 39.33 +0.84 35.42 40.48 15M 11M 37.15
Current.

RIMM 08/21 Dbl btm 65.45 +3.09 63.52 72 12M 10M 61.04
Current.

RL 09/02 DB hdl 38.05 -0.4 38.47 42.78 460K 727K 37.68
Current.

ROK 08/03 Asc Tri 39.21 +0.11 38.08 43.95 788K 1.3M 38.75
Current.

SAPE 08/09 Test BO 7.92 +0.22 7.04 8.54 1.4M 1.5M 7.48
Current.

SCSC 08/28 Test BO 60.95 -0.04 61.88 69 113K 236K 59.22
Buy Not Issued.

SKX 09/02 Asc Tri 13.8 -0.17 14.28 17 193K 270K 13.89
Buy Not Hit.

SNDA 07/31 Cup hdl 22.89 +1.19 19.51 23.32 649K 500K 21.87
Current.

STSI 08/04 Cup hdl 4.74 -0.25 4.98 6 827K 400K 4.99
Exited.

SYMC 08/10 DB hdl 48.81 +0.11 47.83 53.88 4.6M 7.6M 47.97
Current.

TDS 08/02 FlyPlat 80.25 +0.96 77.46 82.38 110K 265K 78.55
Current.

TRA 08/09 Cup hdl 8.39 0 7.04 8.45 941K 450K 8.24
Target Hit.

TUNE 08/17 Asc Tri 4.88 -0.1 4.58 5.48 356K 758K 4.78
Trailing Stop.

URBN 08/24 DB hdl 32.4 +0.8 31.36 36 831K 2.2M 30.94
Current.

UTHR 09/02 Test 18 30.73 -0.04 31.12 35.35 423K 650K 30.42
Buy Not Hit.

WBSN 08/14 Cup hdl 38.84 +0.81 39.58 43.45 425K 735K 38.46
Current.

WITS 08/21 Flat 13.35 +0.04 14.12 16.95 251K 459K 13.88
Buy Not Issued.

ZBRA 08/19 Dbl btm 57.75 -0.35 56.43 60 309K 425K 57.05
Current.

Downside Plays

Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop

ADI 09/04 Put 33.78 -0.39 33.98 31.95 4.2M 4.8M 34.22

ANN 08/30 Put 24.38 -0.3 24.15 22.57 1.1M 1.2M 24.22
Current.

ATRX 08/28 Put 29.18 -0.08 29.25 27.35 322K 700K 29.33
Current.

ERES 08/21 Put 18.95 -0.59 19.38 17.15 1.4M 1.5M 19.67

JBLU 08/28 Put 23.07 -0.25 23.94 21.75 1.8M 2M 23.68
Current.

POWI 09/04 Put 19.16 +0.08 18.97 17.45 547K 500K 19.21
Buy Not Issued.

PTEK 08/26 Put 8.89 -0.01 8.58 7.28 421K 725K 8.98
Current.

PXLW 09/04 Put 9.72 +0.07 9.53 8 1.1M 1.4M 9.78
Buy Not Hit.

TEVA 08/21 Put 27.44 +1.12 27.34 25.35 5.4M 4.5M 26.88

Good Investing!
Jon L. Johnson and your Technical Traders Report Team

All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP. or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners in Online Investment Services, LP. or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.

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