28/11/2012

IBEX week, day and 2 hr now. Still a positive trend

IBEX week now. Several weeks sideways with the rising 21 week MA under. Looks OK to me.





IBEX day now. Does look less stable







IBEX 2 hr now. A beautiful one month chart with everything an analyst could wish. A close to double top and the 2 hr trend is down. Target could be the bottom. On the other hand it could also be a third wave top and a four wave bottom is being built. Just have to wait and see.

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