Morning Call by Greg Secker

The DOW broke down through the 13700 support level at the open and traded down some 400 points before it found some support and bounce to the close, ending the day down 311. The S&P ended the day down 35 points and the NASDAQ down 48 points. The FTSE, writes Greg Secker, 100 fell through the 6450 level at the open and ended the day down 203 points near to its long term trend line, watch this level for a break or a bounce. The FTSE, writes Greg Secker, 250 fell 382 points. Futures – DOW is called down 15 points, FTSE is called down 50 points. Oil is trading at $75.10 a barrel and gold at $664.8.

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