Replies to post #6108 on 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.

[LookingConfident]

Hi Bryce and Andy20020 .....
Couple of 'Bullish' type articles to support Bryce's findings...

http://biz.yahoo.com/smart/030620/20030613aheaofthecurv_18.html

http://biz.yahoo.com/rb/030622/economy_fed_2.html

I'm actually expecting a 10 -15% 'correction' (within the markets) possibility within the next 2 - 3 weeks, or, so, that will then signal 'all systems GO'. Nothing to worry about.
(Nice Bambi article !!) - LOOK UP tonight, on it's back??
Have a great day all!!
:)
LC