20080710 FKLI futures 5 min chart. This is the current uptrend that the market is on now. Why is this happening? Plenty of doom and gloom on the futures and stock market last week. Well the irrational short positions were taken by some players, irrespective of the price, the discount to the cash index and daily technicals (RSI extgremely oversold) The rally is in part caused by short covering by these players. 1150 beckons on the cash KLCI.