Good morning on Monday the 28th of July 2008, only a year ago the Dow was fighting with a support/resistance level of 13,700 and Oil was trading at $73.40 a barrel. Today The market will proceed from an end point of 11,370 after a very sideways day with a gain of only 21 points and still within the channel of recent weeks… with no major news today and the holiday season grinding up to full swing, another indecisive day of movement languishing in the aforementioned channel is likely, but some early selling proving the continued weakness, may kick the day off heading down. The FTSE, writes Greg, closed just 10 points down at 5,352 at the end of the week and again with no major news unless decisive movement occurs early in the day this index is likely to meander towards a slightly higher close. Oil is $123.900 a barrel and Gold is $939.100 for 100g
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