bouncing back on the return line, page-38

Just did a little bit more study on the LEI chart.
http://bigcharts.marketwatch.com/interchart/interchart.asp?symb=au%3Alei&time=&freq=

MACD indicator is good, DMI indicator is good, RSI is good. All pointing to the "UP" direction. Buyer V Seller volume is good, everything is all pointing to the positive direction.

We are at $21.79 now, however $22 is and has been the major resistant level, since Jan 09's fall, LEI has broken the $22 resistant only once, and it was short lived - false break. This time it is very improtant for her not only to break $22, but to hold and stay above the $22. If not we may even see a head/shoulder pattern(hope not). Then it's all over red rover.

We need the Dow to have a good night tonight, so we can break $22 on Monday and hold above there for a few days to confirm this "uptrend". Very important stage at the moment. Today we closed on it's high which is very promising. However if you are not already a holder and wish to enter LEI now it is not a good idea.

She needs to break $22 no later then Tuesday, and must be sitting at $23+ by Friday then it proves uptrend, not another false break, then would be a good price to enter.

Yes, $21.79 isn't a good safe entry price to buy, but at $23.50 is. Good hard when you see the "sign" or not go in at all.