Tuesday, October 27, 2009

FKLI : morning gossip....1255++

DJ -100, retreating after the Dow crossed the 10,000 level again, as a stronger dollar battered commodity shares, and the financial sector tumbled.... CNN

8.10 : DJ futs -17. Regional seen within 0.5% to 1% lower. Commodities lower.

Defensive play again as technical weakness worsen. Below 1263 is a sell market targeting 50-55 support band. Likely to stay a sell tone today.

For buying, wait for intra-day buy signal, if any.

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