Get ready for a year end rally

Following the market sharp plunge on Nov 7, I advised to get out of short positions. I guess this was a good call as the market has jumped quite significantly back in the past two weeks or so. The market is a bit overbought at the moment in a very short term and I won't be surprised to see it drop 10-20 points (S&P) in the next few days. But then the year end rally should finally kick in. I expect the market may go up 5-10% towards the year-end and the bullishness may well go into the first quarter of 2013. So if you also believe this trend, take the market decline in the next day or two as the buying opportunity. If you are aggressive enough, you may even play with this upward trend by buying some leverage ETFs, e.g. SSO or TNA. Of course, for any speculative plays as such, please also mindful of the risk involved.