74LS164P shift register, in sinking configuration?

Grumpy_Mike:
An LCD does not have a common anode or common anything else for that matter.

My bad... LED, not LCD.

Grumpy_Mike:
No just wire it between +5V and the shift register pin to sink current through it.

So I would understand one of those shift registers alternates its shift pins between GND and +5V so current can flow either way?