20070727 OK, back from a break, to see the bloodbath on the regional and us indices. The weekly chart of the FKLI futures provides the bigger picture. the question is whether the sideways movement we have seen for the past few months is a topping formation into a reversal, or is the general uptrend still intact. If the latter is the case, the bottom trendline test will provide buying opportunities for value investing pundits.