Thursday, July 19, 2012

Market pricing in QE of Europe and US

The market price action is leading me to believe the market is pricing in the prospect of QE by both US and Europe.

So, anything less will be a correction :)

Which brings me to the VXX again. I have observed VXX seem to have reached a bottom as yesterday was a positive session but VXX went up instead.

Just my guess.. so as long as the QE do not materialised, it's time to put on VXX.

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