Yes, I find it odd that VXX is close to its daily highs while the markets are as well. What it looks like to me is that bigger players are buying PUT insurance while buying stocks - how they unwind this is anyone's guess.
Polish, thank you so much for the emails. And all the calls over the last year. I have made 100% on your calls. Very Very much appreciated. I wish i could send you a bottle of scotch or something.
I have a question, if we go much higher than the 1260s you expect a larger fall.
I have been reading many blogs and some are predicting the 29th as a confirm of a bear market. I would expect that since you mention 1263 not holding that this brings into play a Big Black Grizzly Bear scenario...am i correct?