QE and the Feds??

Will they dissapoint the markets tomorrow? Looks like the pull back on gold the last few days is hinting so?
I thought someone said, doing QE just ahead of election would not be proper .. idk .. maybe I dreamed it ..
I"m not sure if this is the right place to ask about this, but I thought I'd put it out there.

IMO, QE3 will cause the stock market to rally. No QE3 will mean a major selloff. The market has been in a holding pattern for the last month.... waiting on Bernake's testimony. VIX is still low.

Assuming we will see some significant movement after Bernake speaks, I'm considering buying a put and a call, but I really don't know which options to buy.

If anyone can help me with this, I would appreciate it.