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The IBEX as you can see rose during the session on Thursday, breaking above the €8900 level. It did give back some of the gains late in the day, but in the end this is a fairly bullish looking candle, and we believe that even if the market does pullback, that simply going to be an invitation to buy. Going forward, we fully expect the IBEX to be one of the stronger markets in the European Union, and because of this we are not interested in selling the market as it has shown itself to be so resilient time and time again.
IBEX Forecast September 13, 2013, Technical Analysis
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