We've now lost uptrend of the bear flag since december and testing an important 145 level. I could certainly see a bounce to 155 this week to backtest downtrend, but its these kind of guesses that destroy traders, price is still below diving 5 and 10 sma, no reason to cover, or buy the dip. stop trying to pick bottoms! DONT CATCH A FALLING KNIFE. wait for the smas to turn up, until then i'm staying short, if we get that bounce to 155 i'll look for another short op.