20070821 1702. KLCI cash index retraces to about halfway of yesterday's range. Participants took a peek at the overhead wall of resistance and the psychological impact took its toll, prompting them to take profits. Charts provide some insight into the market participants' collective psychology, which is why technical analysis is seen sometimes as the tool to riches. Far from it, technical analysis only provides a structure or framework to organise the chaos that occurs in markets. Meanwhile, the rollercoaster wild wild west of the FKLI futures continues, down 20 points in the morning to up 13 points and ends over 30 points down for the day....