Here is a look at the fight if you are to initiate a new short down here. Not saying that is what you are doing, just pointing out the problems in shorting in general at this level. I would almost expect a test up at this point and can short higher for a play back to test 1553.00 area.
http://bp0.blogger.com/_5h-SWVGx6Ms/...thru+10-15.png