FBMKLCI Futures - Daily Message 4 Jan 2011

FKLI bias is up again after printing all time high and a close above 1540 should keep bias intact.
Resistance is intraday high of 1546 and possibly psychological 1550.
Support is now 1530 and then early Dec high of 1523. Further down, consolidation low of 1513.
Sentiment stayed buoyant as futures again was priced rich.
21 day moving average is now at 1512.