Morning Call by Greg Secker

The DOW fell at the open and broke down through the 12200 support level ending the session down 205 points. The S&P fell 23 points and the NASDAQ broke down through the 50 ema ending the session down 54 points. The FTSE 100 closed down 104 points with above average daily volume. Futures - DOW is called up 25 points, FTSE is called up 5 points. Oil is trading at $135.40 a barrel and gold at $875.50.