FKLI : back to 1200....damn

DJ -200 on !st day of 4Q after a bigger-than-expected rise in weekly jobless claims and a weaker-than-expected reading on manufacturing ..CNN

8.20 :DJ futs -20. NK -200/-2%

Forget about upisde first, concern is can 1200 hold? I say yes. Maybe fbm can count on followthrough and commodity strength for support above 14SMA. This would help fkli to stay above 1200.

But no position buy signals as mkt is likely to stay in -ve territory even if there is any rebound. Trading sell for a start.