Tuesday, December 20, 2011

Closing the books

Approaching the end of the year and is not expected to unravel the enigma about the future evolution of Ibex. We reamain within the lateral pattern with the "good" news that the media seem to be holding and we could have an upward bounce during the first weeks of January to the area of ten thousand.

Indicators, nevertheless, remain positive, so for now we continue to neutral in the short to medium term. We will have to wait for the breakdown of some of the important areas.

The only truth is that the great lateral movement that the market started in 2009 remains virtually intact, but the encouraging news is that, if sustained, we are at the bottom of it.

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