Tame Trading an easier way to trade

Here’s the Deal:

Holiday schedule: I will have a short report Friday afternoon and that will be the last report until Wednesday January 2, unless something dramatic happens.

Suicide bombing assassinations tend to rock markets globally. After four consecutive days of advance a measured pullback was somewhat expected. Thursday’s unfortunate events magnified a somewhat expected correction and by the end of the day with the low volume holiday climate the sellers managed to gain some serious traction. If it persists then we will be forced to re-evaluate our overall considerations.

The bad news, the overall outlook is grim. Here is another story outlining the devastation in the banking and lending sector.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/23/cccrisis123.xml&page=1
The good news, the overall outlook is grim. This is a case of having reached the point where everyone is keenly aware of the problems and the possible repercussions should the issues fail to be addressed in a timely manner. Applying the correct solution is secondary to the fact visible attempts are being made to surmount the current problems at hand.

Trading was a little brisker than Wednesday as expected. However, it was driven by a slight measure of short-term panic. With the negative news developments in conjunction with a softer than expected durable goods report, the market quickly lost its bright holiday spirit. In the grand scheme of things, this should amount to a somewhat normal minor pullback in line with our very short-term cycle expectations.