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Begin part 2 of 2

THE PLAYS

Good movers: ANSS; CHRT; DXPE; EGO; ENER; GG; GLG; NTRI; PLLL

NEW PLAYS:

Upside plays:

Play Date: 05/02/2006
IART (Integra Lifesciences--$42.15; -0.01; optionable): Biotechnology
http://biz.yahoo.com/p/i/iart.html
STATUS: Test breakout. Taking another run at IART as it continues to set up well to further its breakout from mid-April, moving laterally in a narrow range above the 10 day EMA (41.65). Volume jumped well above average Tuesday as IART showed another doji at the 10 day. Looking for it to make a strong break higher from its 7 week base that formed using the 50 day EMA (40.15) as support. Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows plenty of buying as IART sets up for a new all-time high.
Volume: 283.142K Avg Volume: 176.132K
BUY POINT: $42.75 Volume=264K Target=$50.00 Stop=$41.11
POSITION: UJI IH - Sept. $40c (70 delta) &/or Stock
http://www.investmenthouse.com/ct/iart.html

Downside:

Play Date: 05/02/2006
AB (Alliance Bernstein Holding--$65.13; -1.22; optionable): Asset Management
http://biz.yahoo.com/p/a/ab.html
STATUS: Double top. AB peaked in mid-April and rolled sharply lower to end the month, falling through the 50 day EMA (66.13) Friday on strong trade. It rebounded Monday to the 50 day EMA as volume backed off and then fell again Tuesday as trade picked back up. Money flow is heading lower and AB has been under distribution the past week. Looking to move in as it continues lower. A move to the target lands us a 44%ish gain.
Volume: 332.9K Avg Volume: 203.203K
BUY POINT: $64.92 Volume=235K Target=$62.88 Stop=$65.45
POSITION: AB RM - June $65p (-48 delta)
http://www.investmenthouse.com/ct/ab.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
ABX 04/29 Cup hdl 31.19 +0.19 31.25 37.50 5.1M 7.1M 29.45
Buy Not Issued.

ADS 04/12 DB hdl 53.94 +0.28 48.25 56.95 498K 750K 54.00
Current.

AL 04/22 Test BO 52.98 -0.90 53.39 62.90 4M 2M 51.89
Current.

AMT 04/19 DB hdl 34.60 -0.36 32.97 37.95 4.9M 3M 33.42
Current. Pullback on stronger above average volume. Pullback after nice run. May pullback to 34

ANSS 04/10 PreAnn 57.00 +1.63 53.20 61.25 749K 325K 55.05
Current.

AQNT 04/22 Cup 25.28 +0.45 26.25 32.65 554K 2.2M 24.65
Buy Not Hit. Tested the 50 day MVA intraday and rallied back on low volume. Still forming the cup.

BLKB 04/29 Test 50 20.79 -0.20 21.25 25.50 226K 750K 20.15
Buy Not Issued. Pullback on low volume. Moving up after testing the 50 day MVA.

BOOM 04/01 Asc Bse 37.98 -0.19 42.79 50.50 510K 1.2M 39.98
Current.

CHRT 04/14 Test BO 11.81 +0.45 10.10 12.42 309K 225K 11.24
Current.

CLDN 04/22 Test BO 27.79 +0.80 26.25 31.95 119K 379K 25.12
Buy Not Issued. The stock has not made the move we were looking for so will drop.

CTSH 04/26 Test BO 61.06 -1.03 64.11 73.95 2M 1.4M 61.61
Current.

CTXS 01/25 Test BO 40.67 +0.32 31.05 36.95 2M 3M 40.00
Current. Moving up on below average volume. Forming a handle.

CTXS 01/04 Test BO 40.67 +0.32 30.05 35.95 2M 2.2M 40.00
Current.

CYMI 04/25 Test BO 52.74 -0.62 52.65 62.00 893K 1.5M 50.62
Current. Ease back on average volume. Moving up after testing the breakout.

CYMI 04/03 Dbl btm 52.74 -0.62 48.12 57.45 893K 1.3M 50.62
Current.

DIA 04/27 Test 18 114.10 +0.85 114.02 117.25 6M 7.2M 112.42
Buy Not Issued. Moving up the 10 day MVA on rising volume. Volume not there to enter the play. If stock continues the move on strong volume will still be a buy.

DIOD 04/18 Asc Bse 40.79 +0.51 41.25 49.50 205K 498K 39.78
Current. Bounced on rising volume to hold the 10 day MVA. Moving up after testing the breakout.

DXPE 04/27 Test BO 48.61 +2.44 39.85 47.60 803K 300K 46.55
Target Hit. Gapped up at the open and continued to move for a great move up hitting the target. Took some of the money off the table and will let the remaining position work for us.

EGO 04/26 Cup hdl 5.58 +0.19 5.58 6.95 1.3M 1.8M 5.22
Entered today.

EGY 04/06 Rv H&S 7.11 -0.10 7.29 8.97 693K 1M 7.35
Current.

ENER 04/17 DB hdl 51.76 +2.21 51.63 61.00 1.1M 1.8M 50.85
Current. Bounced off the 18 day MVA for a nice gain on lower below average volume. Moving up after testing the breakout.

GFIG 04/14 DB hdl 56.01 +0.13 58.83 68.95 211K 360K 57.15
Exited.

GG 03/20 Asc Bse 38.13 +2.09 28.32 33.98 9.2M 5.6M 36.12
Current. Great move up the 10 day MVA on excellent volume surge.

GLG 04/12 Test BO 41.15 +1.99 36.59 43.72 3.1M 1.8M 39.05
Current. Great move on stronger above average volume.

GLW 04/26 Test 18 27.80 +0.26 28.25 34.00 4.7M 12M 27.22
Buy Not Hit. Ready to move up off the 18 day MVA on low volume. Still in the pattern.

HAE 04/29 Test BO 53.39 -0.94 54.87 63.50 456K 300K 52.71
Buy Not Issued. Moved down testing the 18 day MVA intraday and rallied back on stronger above average volume. May continue to test back to 18 day MVA (53)

HLTH 05/01 Test BO 11.67 -0.02 11.98 14.38 2.4M 3.5M 11.22
Buy Not Hit. Tested the 10 day MVA intraday and rallied back on slightly above average volume. Moving up after testing the 18 day MVA

INFA 04/01 DB hdl 15.49 -0.03 16.44 19.84 1.1M 3.4M 15.78
Current. Trying to break through the simple 50 day MVA (15.60). Will give it a couple of sessions to recover.

KONG 04/29 Cup hdl 13.81 +0.39 14.35 17.25 116K 442K 13.35
Buy Not Hit.

MANT 04/17 Test BO 32.15 -0.82 32.77 38.95 123K 400K 32.48
Exited.

MCHP 04/03 Cup 37.34 +0.78 37.56 43.95 1.2M 2M 36.57
Current. Nice move up on below average volume. Moving up after testing the breakout.

MFLX 04/17 Test 50 58.55 +1.13 61.49 70.95 189K 550K 59.95
Current. Bounced holding just above the 50 day MVA on low volume. Stock needs to continue to rebound from here.

MGI 02/22 DB hdl 34.61 +0.48 28.69 33.98 261K 550K 34.22
Current. Moving up on low volume after testing the 10 day MVA. Continue with the uptrend.

NTRI 04/14 DB hdl 69.88 +2.64 47.19 56.00 1.4M 1.5M 67.00
Current. Continue with the uptrend for a nice gain on rising, but average volume.

OIS 05/01 Cup hdl 42.07 +0.82 42.05 49.95 464K 1.2M 39.88
Buy Not Issued. Volume not there to enter the play. If stock continues the move on strong volume tomorrow will be a buy.

OTEX 04/26 Dbl btm 18.65 +0.55 18.05 21.69 570K 265K 16.89
Buy Not Issued. After low volume for three sessions OTEX got the trade Tuesday, gapping higher. Due for a quick test of the
breakout move, & we'll use that test as our entry point.

PLLL 04/10 Cup 24.94 +1.45 21.55 25.88 526K 565K 23.22
Current. Gapped up at the open for an explosive move on much stronger, but average volume making a 52 week high.

QCOM 03/08 Rv H&S 51.06 +0.41 50.91 59.95 8.7M 19M 50.89
Current. Tapped 50.39 at the intraday low and rallied back on lower below average volume. Looking for stock to continue to rebound off the 50 day MVA.

QGEN 05/01 Cup 14.97 -0.10 15.22 18.32 188K 439K 14.55
Buy Not Issued. Tapped 15.23 at the intraday high, but gave it back on lower below average volume. Still in the pattern. Need to see a clear and decisive move on strong volume.

QUIK 04/27 Test 50 5.90 -0.04 6.26 7.55 155K 325K 5.85
Buy Not Hit. Tested the 10 day MVA intraday, but gave it back on lower below average volume. Still in the pattern.

RADN 04/24 DB hdl 15.88 +0.37 16.80 20.15 94K 304K 16.00
Current.

RYI 04/24 Cup hdl 29.83 +0.38 31.25 37.55 283K 650K 29.12
Current. Tapped 29.12 at the intraday low and rallied back on low volume. Moving up after testing the 18 day MVA.

SMSI 04/12 Test 18 12.59 +0.53 12.29 14.79 647K 400K 12.21
Current. Tested the 18 day MVA intraday and rallied back for a nice gain on lower but strong volume. Moving up after testing the breakout.

SPIL 04/26 Rv H&S 7.21 +0.16 7.51 9.11 1.4M 2.2M 6.98
Buy Not Hit. Moving up after testing the 18 day MVA. Still in the pattern.

VSH 04/25 Cup hdl 16.22 +0.26 16.32 19.95 6.8M 2M 15.32
Buy Not Issued. Volatile session tapping 17.25 at the intraday high, but gave much of it back on very strong volume surge. Did not enter because stock spent session coming off the day's high. Need to see a clear and decisive move on strong volume.

WEBX 04/29 Test BO 34.89 -1.15 36.45 43.45 835K 850K 34.12
Current. Pullback on slightly above average volume. May continue to test back to 10 day MVA.

Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AMD 04/26 Put 32.62 +0.83 32.45 30.65 8.1M 18M 32.25
Current. Bounced on low volume holding the 10 day MVA. Meeting some support at 32

ASH 05/01 Put 65.67 +0.09 64.55 62.55 884K 1.1M 66.04
Entered today.

MHP 05/01 Put 54.88 -0.01 54.61 53.00 2.1M 2M 55.05
Buy Not Issued. Tapped 54.39 at the intraday low and rallied back showing a tight doji on above average volume. Need to see a clear and decisive move down on strong volume.

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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