FKLi : morning gossip.........1160++

DJ -190/-2% on Fri's follow through as players took weak labor mkt, weak retailer sector result as an exucse to take profits.

8.25 : DJ futs stabilising +4. Regional flat.

Another big test. The mkt is seen lower extending it pullback mode, targting 1/3 adjustment near 1140++ this round. Its unlikely to reverse yesterday's negative, at best consolidate on a neutral stance ( in between the red and green area) if not another fresh round of selling if fresh lows are triggered.

Below 1170 is a trading sell mkt. Long term buying can wait as SMA lines are now converging in a horizontal formation.