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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

  • cmegladon cmegladon Jun 14, 2010 3:55 PM Flag

    PointClick-I disagree with the China Bottom

    assessment. In fact, I see it on the edge (not sure when)of a deep fall. One of several scenarios occurring.
    We declare them a statia non gratia and start protectionist trading unless they revalue and allow the yuan to appreciate. They allow the yuan to appreciate. They do something to slow down their growth.
    It will happen. IMO of course.

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    • I think the answer to this question will come in the next few sessions. China's markets have been closed, and when they reopen, I believe they will soar!

    • Been trading in and out of EDC and SPY calls today, so I'm "with" you (both) today.

    • pointclickproblemsolved pointclickproblemsolved Jun 15, 2010 12:21 PM Flag

      cmeg, I can respect that you disagree. At least you are nice about disageeing. Keep in mind - you also disagreed with Doc's early call on the bottom of the Euro. It has gone up ever since he made that post on or about June th. You also called the dollar a safe haven and that investors would continue to flock to the USD and it has now declined since June 7th.

      It's OK to disagree. China has been plugging away with .25%, .29% for days. What do you want to bet China has a serious up day on Wednesday? I hope they hit bottom. I prefer to bet on EDC than EDZ as it reflects success of our market, not failure. But - I'll be either way. I just want to be on the right side of the trade.

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