Please feel free to laugh (

). This is only a layman’s 'feeling' of how we maybe can find a clue to this problem. There are no real mathematical theories behind this, just a "personal guess".
We know that the two entangled photons share the same wave function (
I hope!?). In the double-slit experiment,
one wave function of
one particle (photon) goes thru two slits to create interference with itself.
In EPR we have
one wave function with
two photons, in each end, going in opposite direction. What if the wave function is the holder of the "default angle reference", i.e. what’s "up and down"??
If we look at this animation of a sine wave, the rotating circle is moving to create a sine wave, but it’s very easy to imagine the circle standing still and rotating, and the sine wave is moving forward to hit at a specific angle.
[URL]http://upload.wikimedia.org/wikipedia/commons/thumb/a/a5/ComplexSinInATimeAxe.gif/450px-ComplexSinInATimeAxe.gif[/URL]
This translated to QM and EPR/BTE would be that the sine wave is the wave function and the probability distribution for a certain outcome.
[URL]http://upload.wikimedia.org/wikipedia/commons/thumb/8/8c/Standard_deviation_diagram.svg/500px-Standard_deviation_diagram.svg.png[/URL]
If this works, there is no need for a FTL mechanism, since the "default angle reference" is in the wave function itself, and travels in both directions simultaneously, and there is no need for LHV, and the outcome is true random.
Pretty nice, huh?
Now the BIG question is – how many are laughing their pants off right now, respective applauding...??