Today, at 12:15 pm ET, Fed Chairman Ben Bernanke is scheduled to discuss the central bank's recent decision to keep interest rates low, despite the apparent effect on weakening of the U.S. dollar.
It is quite remarkable how simple the pattern for the Nasdaq Composite (IXIC)has been since the March low. Whenever the index has tagged the 50-day EMA, buying support has emerged to take the index higher.
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