The late afternoon fall in ALSI futures reinforces our contention that we are falling in a 3rd wave which should take us to at least to 33912 (basis cash) where wave 3 =1.618*wave 1 .Coincidentally this is the area of the lower trend line of a broadening top formation.breadth was very negative at the close with MTN and SHP the only shares in TOP40 eking out a gain.
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