why urge to short ? ... let it run until it keels over looks at this chart: http://finance.yahoo.com/q/bc?s=^NDX&t=5d&l=on&z=m&q=l&c= nothing bearish about it.
I would call today's first 60 minutes a stong blow accross the bow, maybe not a turtle maker, but enough to ride the sway till we see if she can right herself.
I try to figure out if the stock purchase by the FED/DoT since mid Nov can be translated in ES points. Any guesses?