Thursday, January 20, 2011

VXX Selling Climax (part 2)



Two days ago, right before the sell off in the SPY, the VXX (VIX ETF) demonstrated a selling climax on ultra high volume. Yesterday, the VXX again demonstrated that same phenomenon. We got another example of an ultra high volume day, this time it was on an upday confirming the bias that there was buying in the ETF.

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