Las Vegas play for contrarians:
I'm going
LONG Deutsche Bank
when/if > 7.77 Not for the feeble.
Can you find even one cat who is positive Deutsche Bank? Extinct. I'm going where the water tastes like wine.
Expected rapid return on investment is 500% on rocket move north to 200-day ema @ 9.66, then to possible 17.7 (200-wk ema) OR 200-monthly @ 43.7
Analysis or in this case, Anal-ysis
shown below on Daily chart.
Green line is the 200-day ema, blue is weekly trendline, red is monthly and white is Daily trendline. Play is based on breakout above the Daily trendline.
REASON for the Vegas trip? ...................... see the numeral 4? That sideways move a-b-c-d-e is a 4th wave. Now dig this. Fourth waves are "penultimate" ....... therefore the current wave down on daily is the final or terminal wave for this particular sequence, i.e. its a wave 5.
Its a whole lotta fun to stay at the YMCA when one is broke but one gots to try to move to the Ritz
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