All - With RSI(5) above 70 I decided to initiate a short position. However, the MACD (12,26,9) is showing a slight up trend. If we continue above RSI(5) tommorrow I will add to my position. I figure at current level this is low risk.
Good Trading to all!
Lindy
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."