Stocks struggled at midday as investors focused on earnings along with overseas difficulties with China's interest-rate increase.
Meanwhile Federal Reserve chairman Ben Bernanke spoke to the House Budget Committee this morning and stated the dollar appears slightly more attractive compared with some other currencies. The chairman defended the Fed's actions to give the economy a boost and stated such moves are helping in the economic recovery.
( gap up is strong signal for support point. 1305/1307 is very strong point.
it's not that easy to break it down. it maybe take several months to do it.
uptrend is forming.
one word : buy on any dip.
)
Wednesday, February 9, 2011
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