STI - Straits Times Index, where is it heading next?

The chart dated 25/05/10 indicates that funds are flowing into Singapore stock market as investors are buying on the dip.  We've noticed that the 100-day SMA is a precursor of future stock trend as indicated by the blue line.  There was a downtrend before this major correction and STI is at the lowest point now for the past 100 days.