E!.. Well, O Mystic One, you have been right all the way up this run on LSI, while some of us have been running harder to catch up <G>...And the TSO chart reading skills have been famous ---errr, I should say, "notorious"... so we can just about be positive that LSI is headed up -- at least for the short term.
My caution, however, would get MUCH stronger if LSI can't break this "Lower Highs, Lower Lows" trend on this run.
207.95.154.130
If, for example, the %D on the Stoch were to turn down before rising above 70, for me that would shout "Katy bar the door"... Do you share any of that caution?
HEY!--REALLY great call on the oils!! Four straight days up since you went positive on (selective) oil service!! Say something else nice--my "dead" DO, RIG, etc are coming to life!! <G>....
And thanks for that link to the Nikkei... having a clear picture of the breakout above the 200MA puts the recovery in focus... End of a 10-year recession beginning??!... If so, that portends a "trickle down
" recovery for Asia...and we can look forward to shared economic growth for a few more years..imho.... like maybe from mid-1999 ??
Just a thought... thanks again.
TSO
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