The Composite Index ended mixed on the last trading day of the year 2005, closing 0.7 points lower to 899.79 points. As shown on the chart above, the KLCI is resisted by the R1 dynamic resistance as well as the 901.59 Fibonacci retracement line, while precisely supported by the 10 days Bollinger middle band. (Study A)

Mean while, the 10 days Bollinger band width opened another 5% with the KLCI situated above the middle band. If the Bollinger band width continue to widen with KLCI above the middle band, it suggests that there is more upside room for the KLCI.

Total market volume on Friday stood at 366 million shares, an 8% gain from yesterday's total market volume. In additional, volume of Friday was also above the 40 days VMA level suggesting that the market was overall actively participated. (Study B)

As indicated by C circle, %K of the Stochastic retreated after hitting almost 100%. At the moment, the %K is still situated above the 70% level (short-term bullish zone) with the %D still at the neutral region. If the %D can break above the 70% level with the %K still above the 70% level, market sentiment for the short-term would be bullish bias. (Study C)

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