Trade Alert JEF Short

I have been talking about this one possibly being the next MF Global, it just gave a lower risk/Higher probability short trade entry and it's confirmed. Egan-Jones, the only rating agency that has any (fill in the adjective) is not backing down from a potential credit cut in JEF.

JEF rallied to EXACT resistance.

 3C 15 min negative divergence.

 3C 5 min negative divergence and leading

And 2 min negative.

I would not swing for the fences and forget risk management, this is dangerous like a dying and cornered wild animal, but it is a trade I would certainly take here with a possible stop a few percent north of the resistance area, NOT AT RESISTANCE, above it.