20050503 FKLI still in strong trend that has risen from the low made 2 weeks ago of 849. The shamu buy signal on the Cash daily chart played out well in the FKLI today, with the May futures contract gapping up on the open 875.5 and closing near the highs at 886, a classic trend day where retracements were shallow. Looks good for further upside tests unless key levels of 876, which is R2 for today, is broken on downside.