@millivolt: May I ask if you are a native speaker? To me, your sentence sounds way too German (my native language...) and I cannot find any rule for your type of negation on the Internet. All grammar sites that I found say that negation with not is done putting an additional modal verb and negating it with "not", unless your verb was to be.
I think this negation construction without "do" is an archaic grammar structure. In the past English grammar indeed resembled the German in many aspects. As far as I know it would not be considered to be correct in modern English though, unless you go for an archaic vintage effect ;)
I agree with this. It's quite archaic and you wouldn't say it in any type of communication (conversation, in writing, etc). The only place you'd see it in contemporary American English is poetry or lyrics or something similar (for instance, plucking flower petals, 'he loves me, he loves me not'). Can't speak for British English, but that's how it is in America.