9:16 pm - DJIA closing lower looks more certain.

TG indicates weakness for DJIA.

Wall Street poised for lower open

NEW YORK (AP) - U.S. stocks headed for a lower open Thursday as investors appeared skeptical that a plan from the Federal Reserve and other central banks to ease tightness in the credit markets would prove effective. Stocks declined overseas amid uncertainty over the plan after an initial burst of enthusiasm in the U.S. on Wednesday gave way to concerns about the effort to inject liquidity into the credit markets. U.S. stocks ended higher but well off their highs Wednesday as investors took a closer look at the Fed's agreement with the European Central Bank and the central banks of England, Canada and Switzerland to combat what it labeled elevated pressures in the credit markets. Uncertainty continued Thursday ahead of several economic readings due before the opening bell, including the Labor Department's producer price index, a reading of inflation levels. In addition, the Commerce Department is slated to release its November retail sales report. The reading could be an important snapshot of retailers' health heading into what is for many the most important period of the year. The uncertainty over the economy sent stock futures lower on Thursday. Ahead of the opening of trading, the Dow Jones industrial average futures fell 114, or 0.84 percent, to 13,386. Standard & Poor's 500 index futures fell 13.90, or 0.93 percent, to 1,476.30, while Nasdaq 100 index futures fell 22.50, or 1.07 percent, to 2,085.20. Bond prices rose. The yield on the benchmark 10-year Treasury note, which moves opposite its yields, rose to 4.10 percent from 4.06 percent late Wednesday. The dollar rose against other major currencies, while gold prices fell. Light, sweet crude rose 19 cents to $94.58 per barrel in premarket electronic trading on the New York Mercantile Exchange. In afternoon trading, Britain's FTSE 100 fell 2.23 percent, Germany's DAX index lost 1.29 percent, and France's CAC-40 fell 2.18 percent. In Asia, Japan's Nikkei stock average closed down 2.48 percent, while Hong Kong's Heng Sang index lost 2.72 percent on the day. In corporate news, Costco Wholesale Corp.'s fiscal first-quarter profit climbed 11 percent amid membership fee growth. The warehouse retailer's results met Wall Street's expectations. Investors also awaited fiscal-fourth quarter results from Lehman Brothers Holdings Inc. expected Thursday morning. Dow Chemical Co. said it agreed to sell a 50 percent stake in five of its global businesses to a Kuwaiti company for about $9.5 billion to form a joint petrochemicals venture.

5:16 pm - FKLI closed at 1400.0 down -21.0 pts.

DJIA futures is down -44 pts.

Wud DJIA closed lower tonite. If so, DJIA closed lower, we wud have a opening gap and think to go long.

If DJIA down by -200 pts tonite, FKLI wud probably gap down to 1384-1390.0 on the opening.

4:26 pm - FKLI really sell down today. However TG was too late on the position trade

Intraday TG is whipsawing too. It has long position earlier in the morning and short just before lunch.

Position TG system indicates and it was too late already at 1409.0. No edge !

A well known newsletter in town was long on this current trade with stop loss at 1414 and they got hit too. The daily FKLI traders (those who use eod chart) were stopped out now.