THE USUAL

We are getting the follow through we expect in this bear market as the DJIA is down 71, NAZ -11 and SPX -6.5.

The leaders- the exact opposite of yesterday with steel, metals, oils, ags and utils higher and banks, brokers, internets, gaming and trannies lower.

NYSE- 860 net losers;

NAZ- 750 net losers;

NDX - 15 GREEN;

OEX- 25 GREEN;

IBD- 55 GREEN;

VIX- 21.5 - higher by 2% and a bit over sold;

Down volume about 1.5 up;

Crude supplies up more than expected while gasoline had a bigger draw-- higher crude would not be surprising as the move has probably been a bit too far too fast.

Markets probably take their cue from crude but 1290 still looks like big resistance with support hanging at 1260.