L-3 COMMUNICATIONS (LLL-NYSE): Technical Viewpoint: From a low of $69.21 on Nov 23, 2004 prices rallied, reaching a high of $75.56 on Dec 7, 2004. A decline saw prices pull back, reaching a low of $72.90 on Dec 9, 2004. Another rally saw prices penetrate resistance, closing 12/17/04 at $75.83. Technicals: RSI Index (RSI): A Buy Alert! was given on Dec 17, 2004 when the solid line crossed the dotted line to the upside. Support: Remains at $74.25. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Dec 17, 2004. A P&F upside reversal takes place at $74.00. Summary: Technical indicators have turned bullish. BUY! L-3 COMMUNICATIONS (LLL-NYSE) @ $76.13 Stop: Use a protective stop of $73.38. L-3 COMMUNICATIONS is currently trading @ $75.83 plus $1.12 on Dec 17, 2004. Price Objective: $89.50. Risk/Reward: $2.75 VS. $13.37. Today's Risk Reward Ratio: 5:1