Monday, May 30, 2011

The ALSI looking to trend down

It's been a while since I last analysed the ALSI chart. The recent chart shows ALSI has been trending down since Feb 2011, with lower highs.

If it breaks down the support level of 30,000, it can go down to about 27,500. I think a market correction in the next few months is likely, and will look to re-enter the market at that time.

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