THE OPEN

Markets are lower but bouncing around and I suspect an up day as the recent sell off has gotten a bit ahead of itself even for this brutal market.

Strong sectors- utils, oi service, drugs, metals and telecoms while gaming, internets, retail and homies lag.

NYSE- 700 net losers;

NAZ- 600 net losers;

NDX- 30 GREEN;

OEX-60 GREEN;

VIX- flat near 71;

Advancing and declining volume about flat;