Omandan - If the Daily RSI(5) closes below 30 I would agree to close any profitable shorts. That is a steadfast rule for me. However, I think we have further to drop before we get a long run in the short term of course.
Now will the next long run up be of any substance, per Pokersam probably not. At this point I would have to agree with his assessment.
Good Trading to ya!
Lindy
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."