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Sunday, 07/29/2012 1:58:57 PM

Sunday, July 29, 2012 1:58:57 PM

Post# of 363952
Please READ if you are BEARISH

Hrm.. I wonder if I'm still the only one that is BEARISH on this market.. You have to understand that nothing is FIXED. everything is still broken, you can put a band-aid on Europe, but that doesn't solve anything. In fact since the unemployment numbers are doing BETTER, we won't be having a QE3. Look at this market near 52-week highs, why would the FED come out with a QE3 right now?

Bernanke is saving the all mighty economy saver for something like 2008. Not right now, #STUDY.

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Anyways, if History tends to repeat itself, this rally we just had is a beginning of a big BULL TRAP. I wouldn't put too much money on the line to the upside in the next couple of weeks, because we may take a BIG DIP soon.

I am going long $VXX and shorting $SPY this week most likely. Also $GLD, $GOLD, and $SLV should all take a hit. $TLT broke trend line from 3 months of rise, but it may go back into the rising channel.

CLICK BELOW FOR 2011-2012 COMPARISON
https://p.twimg.com/Ay2Npr3CEAEjUOU.png:large

EVERYTHING IS MY OPINION, please do your own DD before investing.

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