today market dip partly due to raise in china interbank interest rates below 3100 but it did not close lower than the previous day's low.
furthermore there are 3 bullish window gaps to act as a support for sti, and then further fibonacci support at 3043. this is a crucial support for the sti, and we should look forward to see if it holds.
today's volume is also slightly higher than the average therefore, people looking to long stocks should highly reconsider, i strongly advocate that there will be more downside expected in between possible short rebounds. It is still a bearish trend overall.

value investors though can however start doing your homework and pick out stocks that have good fundamentals and expected to rise once market sentiment changes.
even if interest rates rises, real estate investment trusts(reits) are still a good form of investment for the everyday investor.