THE CLOSE

Markets close near the lows and the DJIA gives up about 200 points from the morning high.

Strong sectors- ags and biotech with airlines, banks, oils, real estate and homies bringing up the rear.

VIX- UP a whole 3%;

TRIN- 1.32;

Down Volume - 2X the Up;

NYSE- 800 net losers;

NAZ - 365 net losers;

NDX -60 GREEN;

OEX -40 GREEN;

IBD -35 GREEN;

Bulls looking at the next level of 1,300/1,305 - below there and most probably expect a return to the old lows.