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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (123964)	9/13/2005 9:25:20 PM
From: skinowski	Read Replies (2) of 209892

Imo, Ray, LSI is trying to rally in the 5th wave counting from the low one year ago. Looks very neat on the weekly chart. Dropping down to the 120 min, the stock is in the 3 of that 5th. If it falls under 9.85 from here, then something different is going on... maybe still the 4th. Moreover, even if the stock does complete the 5th, the entire year-long structure may still be the "C" of a Flat starting in October 2002. Wave "A" topped in September 2003 at almost $13.... so, if C=A, there is still plenty of room for the rally. That said, I'll put LSI on my watch list. Maybe it will give me more ideas as we move along.... -g

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