rcptrader - I will not go short until Stock Charts Daily
RSI(5) hits 70 and MACD(12,26,9) starts a downtrend. I am usually early. I am trying to fix that, so I will be watching the MACD more closely to confirm the downtrend. If I wait till the crossover it could still be profitable. However, the trend normally always starts before the crossover occurs. By the way things look we could be above RSI(5) 70 tomorrow and may hang there a bit.
To be honest, my most profitable trades have been on the short side. I seem to have that trend timed pretty well and of course there are alot of cheerleaders on the short side here, that always makes it more fun.
Good Trading.
Lindy
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