TC Pipelines (TCLP) 12/26/2006

[Harry Aloof]

From Wall Street Trader's Column

TC Pipelines (TCLP) NYSE
Report No. 2203 Analysis by: Harry Aloof December 26, 2006

TC PIPELINES (TCLP-Nasdaq): Technical Viewpoint: From a low of $30.00 on Oct 3, 2006 prices rallied, reaching a high of $32.80 on Oct 26, 2006. A decline saw prices pull back, reaching a low of $31.31 on Nov 6, 2006. Another rally saw prices penetrate resistance line "A", closing 12/22/06 at $34.40. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 22, 2006 when the solid line crossed the dotted line to the upside. Support: Remains at $30.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Dec 22, 2006. A P&F downside reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! TC PIPELINES LP (TCLP-Nasdaq) @ $34.75 Stop: Use a protective stop of $32.75. TC PIPELINES LP is currently trading @ $34.40 plus $2.13 on Dec 22, 2006.

Price Objective: $45.00.
Risk/Reward: $2.00 VS. $10.25.
Today's Risk Reward Ratio: 5:1