Current price actions seems to indicate a possible short-term recovery on the STI. Historical price actions have always been indicative of what possible future market movements will be, though not definitive, it still have a statistical basis of a forecast. True or not, is still highly dependent on your strategy of entry; some use fundamentals, some use technicals, some use both.

What I presumed:

What am I going to do:

My rationale behind waiting is that, either side of the coin (you catch the bottom or you buy where market successfully recover), you will still win. The only difference is win big or small, but I know either way I won’t lose my sleep.