Interesting, I also have 1500 (dropping about 4-5 points per day) as the current point for the upper line of the down channel which began in Jan (continuing through the March and May highs). However, I do realize that horizontal support/resistance areas provide better support/resistance than trendlines. And I also know that overshoots are common. So 1526/50 sounds about right.
ST: hibernating till Sept IT: hibernating till Sept LT: Bearish It's over, yhoo said so.