STI down 84pts now, it has fallen below its 20d EMA today. Most Asia market has fell more than 1% and DJI futures currently at -68pts. If DJI closed down tonight with more than 1%, Singapore market may continue to fall tomorrow and this may be the second round of correction.
I've cleared all my cash positions and will enter again when bullish signal is back again.
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I think STI tomorrow will be okay. If Dow drops tonight, which is quite possible, they are responding to Asia. Unless the dip is so ssvere ( like 300 points and above ), STI may just dip in early trading and stablized by afternoon. Considering STI already dropped 14.8 points yesterday and 109 points today. STI has no reason to "follow" US' dip anymore.
Just my two dimes, will see....
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