20080702 Cash KLCI daily chart is deeply oversold, so we are due for a technical rebound. RSI is below the threshold 30 levels. The rebound can be fierce, which explains the narrowing in the discount of July futures to the cash index. Compare to the last 2 instances of a big selloff in the KLCI, will history repeat itself? One thing for sure, catching the falling knife will be high risk, with high reward.