I can see where one might try a scalp here...being that you have two rules that you pointed out in earlier posts...I don't use divergence...being that almost every strong move will produce a divergence and sometimes goes on for what seems like forever... I can also see trying a scalp off a reversal bar as what we have set in today...

Not sure what other rules you may be using here other than the two...??? Maybe you are looking at the number of up days in a row...or the fact that we are in the sixth month of an uptrend?

I don't try and trade off of feelings...I get them hurt every time I try...haha

There are a couple of things that I am seeing that makes me want to stay with the uptrend...one would be the way the market is just creeping up ever so slowly...a lot of traders will get fooled when this happens and try and take a short thinking that weakness is setting in...another is the next mountain to be filled from the past history...is the 1315 area that was put on in Aug of last year on the weekly chart...one other thing on the weekly is you can see a new break of the last swing high that was made on Sept 14 2009.

Not to say that a correction or a scalp is not possible...one should be able to do it on a 20 or 60 min chart but normally staying with the trend is a lot easier on the draw downs. I can even entertain a corrective move down to the 1011 or 1016 for about a $3000 move per contract on the mini...which wouldn't be such a bad trade if you can time it right.

One thing also to note is the fact that we didn't close below the swing low on the 15th at 5 am on the 20 min chart...this is telling me that there is a good possibility that price may still want to rise.

in any case...I wish the best of luck on your shorts...

Best of good trades, Spike