I didn’t monitor the intraday action. Never did but I was concern about this correction. Somehow when I see blue chips all being sold down in tandem it seems to indicate that these are not coincidence. Here the STI ETF shows prices moving below the 200 day EMA. We seen how in Sept 2010 that this may not be a long term downtrend but the threat of this happening looks much higher.

1. Fund Seem to be flowing out of the country.
2. Market as of now have rebounded near 100%, the same as the last 2003-2007 recovery.

One thing working currently is that although the 20 and 50 day EMA is heading down it is still above. A cut below the 200day EMA by the 2 moving averages should signal a possible trend change. My actions:

1. Sold 65% of Singtel. No dividends. No gains. Not known for huge price appreciation. Why ...

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