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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

  • sterlingintentions2003 sterlingintentions2003 Jun 10, 2010 12:40 PM Flag

    Deja Vu Chart - An INTERESTING EDC/EDZ Play

    Same chart as yesterday (only this one won't CRASH at the end like yesterday). Doing a little research on Euro/Dollar volume - price - time . . . working on a theory. Currencies can be manipulated, too. Run up on low volume to new highs, sell high volume to lower lows. Raise the Euro, save the world. <<< IMPORTANT THOUGHT for your trading strategy.

    Top of the EU price channel is about $1.27, BTW. Look for the Euro to move to the top of the Euro [XEU] price channel while in EDC, watch for the Euro reversal at about 1.26-1.27 and jump back into EDZ? Just a thought. I bet the play makes a ton of USD's. It also forms a head and shoulders pattern for the S&P. It all makes sense as a probability, doesn't it? All theories come together:

    *Save the world markets by raising the Euro

    *Form a leg up that pretty much HAS to happen statistically

    *Head and shoulders pattern forms for the big one

    *Market then finishes the major correction by blowing through 1044 and goes to 950ish


    Any thoughts from the smart ones here? I'm thinking about committing ALL to this plan until it proves itself wrong. It could be a 78% EDC/EDC gain IF it plays out. Can I get a star or two for this theory? -GLTA

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EDZ
29.14+1.12(+4.00%)May 28 4:00 PMEDT