The DOW closed Friday down 49 points, as it continues to build out its consolidation. The S&P closed down 5 points and the NASDAQ closed down 6 points as they both still trade within their current consolidation ranges. The FTSE, writes Greg Secker, had a less volatile day on Friday closing down 2 points as it lifts off the long term trend line on its way to forming a double bottom. Futures – DOW is called up 50 points, FTSE called up 30 points. Oil is trading at $57.20 a barrel and gold at $655.70

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