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Begin part 3 of 3

THE PLAYS

Good movers: Many. AKAM; BRLI; CELG; CHRW; CTSH; EEFT; FORR; GRMN; JCOM, RMD, etc.

Wednesday night play results:
AKAM: Nice break higher off of the 18 day EMA
NYX: Solid continuation of the reversal move
THX: Ran out of some gas
KNOT: Strong volume as it broke higher from the test.
ETH: Bounced up to the 10 day EMA on lower trade
VCLK: Moved up through the 18 day EMA. Will keep an eye on it.

New Plays:

Upside:

Play Date: 06/29/2006
ECL (Ecolab--$41.14; +1.28; optionable): Cleaners, sanitizers, pool treatment, etc.
http://biz.yahoo.com/p/e/ecl.html
STATUS: Test breakout. ECL gapped higher in early March and fell into its 15 week cup base. It broke higher Tuesday on volume, tested Wednesday, and then continued higher Thursday on more strong volume. Strong 4 to 2 accumulation in the pattern shows plenty of buyers as ECL moved along the 50 day EMA (38.47), using that as support. Nice break higher. Strong money flow complements the nice accumulation. Relative strength breakout as well. Strong earnings and sales growth and continuing the run.
Volume: 1.27M Avg Volume: 687.231K
BUY POINT: $41.32 Volume=690K Target=$49.00 Stop=$39.55
POSITION: ECL JH - Oct. $40c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/ecl.html

Play Date: 06/29/2006
FLR (Fluor Corp.--$91.60; +3.97; optionable): Heavy construction
http://biz.yahoo.com/p/f/flr.html
STATUS: Reverse head and shoulders. FLR was part of the early May surge that capped off the strong run in the construction, materials, commodities, metals, etc. It fell into the current 7 week base, holding support around 85 and the 50 day EMA (now at 88.43) as it consolidated and set up the next move. Thursday it started higher with the rest of the market with volume rising but still only near average. Looking for more trade as it moves higher and follows its money flow.
Volume: 1.052M Avg Volume: 1.027M
BUY POINT: $91.95 Volume=1.2M Target=$103.50 Stop=$88.38
POSITION: FLR JR - Oct. $90c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/flr.html

Play Date: 06/29/2006
FSL (Freescale Semiconductor--$29.41; +2.42; optionable): Semiconductors
http://biz.yahoo.com/p/f/fsl.html
After Hours: $29.35
STATUS: Double bottom. FSL made us some money on its last run and with the market correction has come back to test the 200 day SMA (26.87) this month, tapping that level twice. Its second tap was Wednesday and then Thursday is bounced sharply on very strong trade. Positive accumulation and surging money flow. A semiconductor leader that looks ready to shoot for a new high once more.
Volume: 5.453M Avg Volume: 2.271M
BUY POINT: $29.65 Volume=2.3M Target=$35.50 Stop=$28.35
POSITION: FSL LF - Dec. $30c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/fsl.html

Play Date: 06/29/2006
HOLX (Hologic--$48.50; +1.78; optionable): Medical appliances
http://biz.yahoo.com/p/h/holx.html
STATUS: HOLX blasted higher on 6-22 on news the federal government was not going to cut mammogram reimbursement levels. It spent the next four sessions testing, coming back toward the 10 day EMA (45.11). Thursday it rebounded on above average volume, looking to continue the break higher in its 12 week pattern. Money flow is exploding higher ahead of price. Like the test and ready to move in as HOLX continues this bounce off of this shakeout.
Volume: 1.415M Avg Volume: 1.066M
BUY POINT: $48.88 Volume=1.6M Target=$58.65 Stop=$46.65
POSITION: QHX LJ - Dec. $50c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/holx.html

Play Date: 06/29/2006
SMSI (Smith Micro Software--$15.53; +0.71; no options): Wireless communication software
http://biz.yahoo.com/p/s/smsi.html
After Hours: $15.64
STATUS: Ascending base. Looking right back at a SMSI, a market leader that is setting up to clear some resistance in its 7 week base. Making higher lows along the 50 day EMA (13.59) while bumping against resistance near 15.60. Volume was back above average Thursday as it bounced off the 18 day EMA (14.70) and headed toward the breakout. Positive accumulation and relative strength ready to break out.
Volume: 856.574K Avg Volume: 679.368K
BUY POINT: $15.68 Volume=1M Target=$18.85 Stop=$14.68
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/smsi.html

Good Investing!
Jon L. Johnson and your IH Alerts 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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