Quote from sgc:
SHORT opportunity here, overbought with divergence and trend line resistance from the highs of 1424.00 on5/2/08 and 1422.25 on 5/6/08, selling 1416.75 stop 1419.75, will trail stop down on lower highs down to a price target of 1383.75 which is 5/9/08 LOW, trend should continue down...will update when situations change for me.
ALSO...if the down trend does not prove to be valid we will stall and reverse LONG at around 1410 or so where there is support from previous prices...