Daytrading to earn a living: Dow Year-end bashing.

A dismal ending for the Dow on the last day of the year.A recession phobia seems to be worrying and plaguing the investors.The great concerns which will be carried forward to the new trading year will be that of;
***Signs of slowing economic growth,
***Concern that credit market losses will curb bank lending and spur a recession
***A report from Washington-based Mortgage Insurance Companies of America showed the number of insured homeowners more than 60 days late on payments jumped last month.
***The housing recession continuing for a third year.
***The credit crisis spurred by turmoil in the U.S. subprime-mortgage market;
***The near 60% gush in crude-oil prices to close to $100 a barrel;
*** and weaker retail sales as consumers reined in their spending.
***a slowing economy will make U.S. assets less attractive to investors.
***the weakening of the U.S.currency.
But should investors and traders when it comes to investing be wary of the word recession?Because while the economy obviously matters a lot, both politically and economically, the "R" word is irrelevant to people who want to know how to place their bets on the markets.
The timing of recession is unpredictable and if it has already happened,the economy may well be getting better rather than worse - which might make it a good time to invest.
The question of whether there's a recession has enormous political implications for the 2008 elections.

Tracking the Dow on Monday,31stDec 2007.
The opening bell saw stocks being hammered and was held in the negative territory throughout the entire session.
The lack of buying interest and lack of liqudity might be due to traders unwinding position and book-closing getting ready for the tax-reporting season.At the final bell was a dragon-fly doji with a white body in which the following day will be a bullish opening.I am also wary of its lower tail which is resting on the day's low.