tuesdays tape , page-3

Morning FS, it's going to be bearish focus for me and Dow is just taking time before breaking the 13,000 support level. It could hold this level until next week when the Feds action and cut or no cut I think it will goes lower as most major investment companies are reporting next week and the impact of subprime losses will spook the market or may support it. But Feds action will be muted no matter what they will do.

Base metals continue to be weak and resources will be under pressure for the next few sessions. Watch China inflation data out today. Good luck.