CLOSING MOVES

So another wacky day as the DJIA closes down 147, NAZ -8 and SPX -11. Buying near the open- a selloff until 2:45 and then more buying with another sel loff near the close. And where is Sam Zell with his "no way a recession" from a few days ago?

Strongest sectors- and closing green were reits, semis, banks, internets, brokers and insurance while ags, metals, airlines, oils, emerging markets and defense were the worst.

NYSE- 855 net losers;

NAZ -660 net losers;

NDX- 37 GREEN;

OEX- 30 GREEN;

IBD 100- 14 GREEN;

VIX closes near the flat line and 10% above the 10 SMA;

Heavy volume at 1.7B with Down about double the up;

RSI (2) levels generally at/near 5 on most major indexes with the NDX at 12 and out performing;

Interesting also how the NDX doesn't seem to want to close under 1,700 despite dipping under many times in the past several weeks.

OIH closed down $4+ and probably back in buying territory for a flip back to $180 in the next week or so.

And how about the closing price on ABK- $9.5 and up 28% on the day;