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[Kimston]

I did a bit more analysis and find that the S&P has several historical swing points that project to 2/2/12 as a potential reversal day (+/- 1 trading day). SP may be making a double top with the 1/26 to 1/30 window I was looking at for a potential top. I think an ideal setup for adding to shorts would be if the SP can run up to a new high into 1333 to 1340 area and fail. Currently the 14-period RSI on the daily chart has a classic divergence with price, so a reversal after a minor new high could set up a decent down leg. If the divergence gets erased on a closing basis, then I believe all bets may have to come off for awhile in looking for a top. Kimston