november short term trading part 2, page-27

Yes, but a hard red open in Europe so very often results in a green close on the DOW.

Europe is toast. They have two choices: default or inflation. Inflation is easier in the short term but will hurt them just as hard in the longer term. Since they always go for the quick fix..... well, I wish I owned a note printing business in the EU.

I think we run the real risk of this triangle formation breaking south (XJO and AGO). If it breaks south hard for the next two weeks then I see a real good Xmas rally.

I am mindful that early Dec is often bad which in many ways sets up the rally.