I had the same question cedartree... does this mean:

1) over the next 60 days shorters will try to pound down AU stocks so they can cover before Up Tick rules changes.... then AU stocks will have a big rebound... OR

2) AU stocks have already been pounded down as far as they will go and now shorters will have to buy to cover... thus raise AU stock prices from here?

My guess is a bit of both... down in the shorter term and then up before the 60 days.