IBEX 35 closing the week touching 2003 levels
| Date: February 20, 2009 | Source: Economic @ 21 |
| Category: Bags and Markets | |
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Loading ... The Ibex 35 closed the week with a minimum of 2004 and grazing for 2003, thus going back 5 years of growth and evolution.
It was late 2002 and early 2003 when it touched the lows of the IBEX in 5 years, after which time began to turn around and recover to the highs seen in 2007.
Given that the economy is cyclical and without considering external factors (technical analysis only), one could say that after 5-6 years back in their evolution could come back to see a return of trends, what would that be close to stepping IBEX35 ground and began to change, this should be expected to be met during 2009.
Also, to reinforce this hypothesis indicate that we see different points of resistance and supports in the planum temporale in the range of 7600-7800 points for the IBEX in 2001, 2002 and 2004, which means that maintain and improve this year that range could confirm a change in trends in the medium / long term and may regain 2007 levels by 2012.
Logically it should be borne in mind that we are facing an unprecedented global crisis could make this forecast does not take effect and more IBEX break down to the range of 5900-6000 points minimum undertaken in 1997, 2002 and 2003 , which would mean a return of major cycle, which again to see the maximum returns in 2007 would have to wait until 2014 or 2015.
Therefore, this year could be crucial to determine to estimate how long it takes for the economy (if we make a parallel with the developments and trends IBEX) to recover peak levels.
February 21, 2009 at 22:22
[...] Markets panic ensues after returning the markets to a minimum of 2004 for the Ibex 35, touching touching 7,603.60 points (-7.5% weekly), or until 2002 for the Dow Jones is [...]