IBEX 1995 - 2012

This chart show how close IBEX is to break 2009 low and eventually 2002 low as well. There is still a chance that the index can hold Aprils bottom, build a bottom formation and move up. IBEX shows the situation of the European debt crisis in a nut shell that is why I think it is important to follow this index and of course hope for the best.

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