Only a matter of time

• Posted by vinaydh
• on December 14th, 2009

Market is holding up pretty well. I am not going to speculate when it will breakout but will stick to my view that breakout is only a matter of time. My strategy is simple, any sell off is another opportunity. If we rally then it’s even better. I think the next level of interest will be 1160 if and when 1120 is overcome. To me it’s only a matter of when and not if. It can be tomorrow or a week later but it really doesn’t matter in the grand scheme of things. I think we may be on the cusp of another major move to the upside.

We have a fed meeting this week. I think it’s a non event. They will not do anything to rattle the market. I am certain on this. I am not sure what the immediate reaction of the market to the fed would be but am positive that any negative reaction, if there’s one, will be short lived. In short I am comfortable with my long bias and not too concerned about market antics in the very short term.

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