AIR T INC (AIRT-Nasdaq): Technical Viewpoint: From a low of $13.70 on Sep 16, 2004 prices rallied, reaching a high of $28.41 on Sep 28, 2004. A decline saw prices pull back, reaching a low of $20.60 on Oct 5, 2004. Another rally saw prices penetrate resistance, closing 10/22/04 at $28.43. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Sep 10, 2004 when the Histogram crossed the "0" line to the upside. Support: Remains at $27.88. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Oct 22, 2004. A P&F upside reversal takes place at $31.50. Summary: Technical indicators have turned bullish. BUY! AIR T INC (AIRT-Nasdaq) @ $33.38 Stop: Use a protective stop of $31.38. AIR T INC is currently trading @ $28.43 plus $2.35 on Oct 22, 2004. Price Objective: $47.00. Risk/Reward: $2.00 VS. $13.62. Today's Risk Reward Ratio: 7:1