STI approaching Important support

My utmost regards and respect to Robin Ho, who published a a well-researched article on STI support levels. In his blog, he says:

When trading starts tomorrow (Mon), expect a sharp sell-off, because DOW was down 157 points despite the congress voting in favour of the US$700 billion rescue package.When DOW breaks 10,000 and STI hits 2170, the market will see a strong rebound very soon. STI at 2170 technically completes the full cycle of channel range and 2170 represents the 3 year support level from 1994 to 1997 (please see above chart).The Shanghai Index rebounded from 2000 points, when the Chinese government came in to support the Chinese Banks. If the Shanghai Index resumes its downward trend, the Chinese government is expected to introduce other measures to prop up stock market. In addition, The Chinese government is also expected to relax property investment rules when during the forthcoming annual CPC. The Chinese government resolve to support the market is a clear signal the Chinese market could bottom out soon.Since this bear market has been touted as the `Mother of all Bear Markets', itis better to err on the safe side. Wait patiently for the market to breakout from the downtrend before jumping in and buy. At the meantime, short term trading strategy is buying in sharp fall and sell into every strength. Have a great trading week ahead!