Confirmed Down

I am subsriber of an American made software called VectorVest.  Yesterday, the system advocated by VectorVest issued a "Confirmed Down" signal for the Singapore Stock market market.  Look at the green and red arrows in the chart.

"Confirmed Down" is given by VectorVest when Singapore Stocks have closed lower for 2 consecutive weeks, and a proprietry indicator - Buy to Sell Ratio - goes below the 50% mark.  When this signal is given, VectorVest recommends selling and closing all long positions.
So far this year, this system has done well for the Singapore market, so when it gives this Confirmed Down, I will sit up and take note.  Of course note that there is no perfect indicator.
This "confirmed down" signal is inline with my view of Singapore Stocks.  I have stayed away from Singapore Stocks for the last 3 months.  I am expecting a greater pullback before I look for opportunities to invest.