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The MIB as you can see went back and forth during the session on Thursday, but essentially formed a neutral candle. At the end of the day, we were slightly negative, but in the end we still think that the market has quite a bit of support below. Because of this, we are buyers but we need to see this market clear the 17,700 level in order to start buying. If we do fall from this area, we will simply wait for the right supportive candle in order to take advantage of cheaper prices.
MIB Forecast September 13, 2013, Technical Analysis
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