The DOW has found resistance off the down trend line and 50 ema and is clearly forming lower highs in its current down trend as consumer confidence falls and the sub prime worries continues, causing the DOW to close down 280 points. The S&P closed down 34 points and the NASDAQ down 60 points. The FTSE, writes Greg Secker, 100 traded lower all day to close down 117 points. The FTSE, writes Greg Secker, 250 continues setting lower highs in the current down trend and closed the session down 175 points. Futures – DOW is called up 40 points, FTSE is called down 25 points. Oil is trading at $71.50 a barrel and gold at $663.5

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