A surprising rise in U.S. retail sales also helped, after data showed a modest increase in March, pushed up by a jump in gasoline sales, according to a government report.
Tracking the Dow on Monday,14/04/08.
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The bullish spanish fiesta is supposed to be underway but the dow index has now found a deep trough to form a big inverted bull head.
As usual the morning pull-back occurs one-half hour after the opening and retraced in the following one-half hour.After which the shorties control the afternoon session.In the final half hour before closing were three-black-crows completing the final pull-back to set the stage for a recovery.This can be seen with a shaven bottom inverted hammer at the closing bell.
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These pair of "morning star" candlestick pattern is a temporary relief from the pain and suffering we are undergoing.It's now at the Voyage to the Bottom of the Sea