Henderson Smaller Companies peaked at 615p in the first week of March 2014. Since, then the share price has dropped to 510p in July 2014, a fall of 17%. Only a monthly close above 560p (June 2014 high) will change the direction.
Long term, it looks like the 7 year cycle is indicating a down turn with a 62% retrace of the move up from 100p in 2008 to 300p by June 2015 or latest Jan 2017
Long term, it looks like the 7 year cycle is indicating a down turn with a 62% retrace of the move up from 100p in 2008 to 300p by June 2015 or latest Jan 2017
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