tuesday worry, page-90

honkers is tricky to short, in part because of the gaps between sessions can be humungous, but its also so bullish still and there are no sell signals on other than very short time frames ie 5 or 10 minnies.. the potential sell signals are resistance at the 2% linear regression on daily, but it disregarded the 1% so.., and the declining macd histogram (tho still no crossover) on the hourly. On the hourly adxr, selling pressure has actually dropped and the decline this morning was just due to a small drop in buying pressure. The adx itself is showing the beginning of a trend, upwards. So other than smash and grab op, working off 5 minnies or less perhaps, I'd not short honkers.. not yet anyway. If you wait for some confirmation, then you're bound to miss out on a swag because of the gappy openings but that may be the only reasonable risk/reward way to play it. Admittedly the beast is overbought to buggery, but its been that way since adam first shagged eve.