Friday, July 16, 2010
Only Missing Ingredient
The fundamentals are deteriorating and the technicals are in the bear's favor. Liquidity is stagnant as the stimulus wears off and with no new QE programs. There is only one thing that would make me very bold on the short side and ride it for a big swing trade. That is bullish sentiment. That is the only missing ingredient to having the perfect short chance in this market. I hope to see the bulls get complacent in the next few weeks.
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