US bracing for job data tonight…DJ waiting at tech support lvl for the worst. US closed for holiday on Monday.
Fbm 5-day losing streak, -19, at critical support lvl of 1300. Everything getting whack this week on US double dip fear and expectations of China slower growth in 2H10. A poorer 3Q start after a bad 2Q.
Fkli finds support at 1300 for the past 3 days but no chance of bounce towards the upper end of the descending triangle amid weak externals. Below 1310 is negative tone. Plus, danger of a breakdw is greater for 1270-1300 playnext week if this support fails. 1300-1310 neutral, stay out.
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