Thursday, July 23, 2009

Short Squeeze

Can you say "short squeeze"? I can. Ouch!

But the VIX is up with the rally. This tells me we might be in for a sharp reversal. Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.

I hate being wrong. Even in the short run. However, I still think this is a trading rally, not a sustainable one for the average investor to buy into.

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