THE CLOSE

Equities closed the day lower but well off their worst levels - SPX -2.31, NAZ -1.68 and the DJIA -53.

Strongest sectors - metals, real estate, trannies, junk and bonds while nat gas, energy, emerging markets and airlines lagged.

NYSE 100 net losers;

NAZ- 700 net losers;

NDX- 28/63;

SPX- 147/297;

TRIN - 1.02 with up and down volume about equal;

VIX- down about 1% at 20- and a little below the SMA 10.

RSI 2 levels- at/near 50 on the SPX and higher on the RUT and the NAZ/NDX;

So back in the middle of the range and an impressive late day rally getting the market back near the flat line after being down big early- above 1100 on the SPX and all those tv guys looking for 1075- this morning - well I guess not- still about the dollar and the EURO - so we will see