A look at the daily FBM KLCI chart reveals that stochastics crossing up is a prelude to the MACD momentum, hence the view of the KLCI going on "the next leg up" is justified. There were some bears in the past 2 weeks (including myself) but the technicals have proven the bears wroong thus far....

Weak US dollar is good for equities rising, and the fact Asian central banks intervened to buy US dollars last week, show the dollar trend is still weak.