Market Musings for Dec 27th, 2006
No musings today 
For some reason I am losing my drawings on esignal charts and I am too lazy to redraw them every day. So no charts today. I have created a new page layout and hopefully that will solve the problem.
Conclusion: All in all, today the markets stop the short term downtrend of the last few days. Is it going to just linger here? Or move back up? Markets gave no indication to that effect. We need to see higer lows on 60min charts to establish a continuation of trend from the pull back. And a move back to the channel high, in case of NDX. Low risk opportunity of entry is behind us and now it is time to sit on your hands and manage your trades, not take any new ones.
