Looksmart Limited (LKST)

[andy20020]

Bryce ... re ASX Bull Market ... One I like to watch is TLS ... as it is a good "indicator" for the ASX ... I monitor it in a couple of different ways and I've never seen it as positive for a breakout as now. I do wonder if there's a lot of US money flowing into the ASX as fundamentally Oz stocks are underpriced (IMO) compared with their hype n hope US counterparts.

But if you were to look at the long term ASX ...

http://stockcharts.com/def/servlet/SC.web?c=$AORD,uu[m,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26...

I'm pretty certain we'll get some congestion between 3150 and 2950 in the form of the right shoulder.

Timing wise ... this lines up nicely with the theory that the US markets rally into month end then (at best) stall.

Regards.