seems like the rebound was short-lived. STI closed below 200 days Moving average.

US market rebounded!

Dow Jones and S & P rebounded from the 50 days MA...strongly up....signifying the rally is not dead yet. Asia markets are likely to rebound strongly next week... STI index hit 200 dMA, Hang seng crossed 200 dMA....so if these market rebound from the 200 dMA..it's time to re-enter. But be careful, as we have seen how fast and furious the market can turn and fall....

market correction!

notice that the MACD has crossed downwards...signaling a change from uptrend to downtrend...this is for Dow Jones Industrial index...the same pattern has emerged for all major stock market....Japan, Hong kong /Hang Seng Index, Singapore has already crossed 1 week ago...decline has started..US and China market has just began....i think this is just the beginning...

http://stockcharts.com/h-sc/ui?s=%24INDU