ASL - more downside for UK small caps

Short

ABERFORTH SMALLER COMPANIES TRUST ORD GBP0.01 (LSE:ASL)

Updated

LSE:ASL ABERFORTH SMALLER COMPANIES TRUST ORD GBP0.01

Wave Analysis

waveanalysis

Taking this UK investment trust as a proxy for UK small caps this count suggests that it may be in the midst of a decent correction and may have further to fall before resuming it's upwards trajectory.

Comment:

Was I too hasty in calling for an immediate, deeper correction? Is this another possibility?

snapshot

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