Wednesday, October 21, 2009

FKLI morning gossip.....1265-1270

DJ 50, disappointment about DuPont and Coca-Cola's results, a weaker-than-expected housing market report added to the downward pressure...CNN

8.10 : DJ futs -8. Regional dw -0.5%. Commodities, dollar flat, "quiet"

A pullback mkt today. My prayer did not come true but good to see DJ still above 10k. Fbm is seen taking a lower band of 60-65 range, likely to end its 6-day winning streak but expected to hold above 60 today. Therefore, fkli risk towards 1260 is high if weakness continues on intra-day basis.

Fkli seen near 65 in early trades. Below 70 a sell mkt.

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