FKLI : morning gossip.......opening flat near 1070

DJ -7. The Dow and S&P 500 both fell about 0.1 percent on Wednesday as U.S. bank shares took a hit from a broad debt ratings downgrade from Standard & Poor's and uncertainty over the government's extensive proposals for banking-industry reform. RT

DJ futs NK -113, on banking shares. Kos -3.


Below 1070 is a fresh sell mkt but FKli is seen safe above 1070. However upside probably same as yesterday, 1070-1080.

Bear in mind that the mkt may "try" to bounce from this week 20 point fall but the trend is still downward until a strong confimation.

Position buy above 1075 and cut below 1070. Intra day sell below 1070, target 1060++.