If you had already preserved all your capital in cash, GOOD. Then sit tight, stay sideline for this moment until the market is settled.
If you still have counters in hands with short to middle term positions, it is advisable to cash out whenever there is technical rebound, or cash out if the current price is not better then BMB or triggered below trend support line as per examples below.
NOTE:
For counters in down trend direction, their chart's typical characteristics are:
- It tends to propagate between Bollinger Middle Band(BMB) and Bollinger Lower Band(BLB);
- Very likely they were staying below short and middle terms EMA;
- MACD histogram is in rounding top and the green line is close to or below zero levels;
- RSI and STC are below 50 levels;
- MOM is below zero level;
