Beware. Beware of the lack of trend. This is the mantra you need to follow for a while. Two major factors are contributing to this trendless market-the FED’s free money and global scare. Until either of the factors wins, you should buy the dips (not breakdown) of stocks that you like for whatever reasons and sell the 5-10% rips. Avoid shorting this market with conviction, you may short individual stocks you hate for whatever reasons, but do NOT touch indices, or worse triple ETFs. In any event, welcome to the great summer slot machine casino of the summer of 2012. 
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