Ok, first charts: Weekly and Daily.Looks like LEI has falling...

Ok, first charts: Weekly and Daily.

Looks like LEI has falling into a kind of consolidation pattern in the long term downtrend. Not sure what this signifies, it could be offering resistance..

Daily, can see the same channels close up. key in this chart is 1st it broke through LT support at 15.88. Then hit a low at around 15.50. What important here is that is a 100% retracement of the last high @ 16.90. Even more important is we closed today at the 50% mark. Looks like in the ST we are heading to test the channel we are stuck in. Until we get a break in that should be cautious i think.

It could be possible that the ongoing negativity over Leighton in the middle east among other things could be causing this channel to linger, just need something good to break the flow..