Wishing you a happy new year.

It is 2011, with the stock markets moving up day by day.

I am fairly busy with increased time committments to ET-Now and my own work, so I have not been able to write. I apologize for this absence. I hope readers have been watching me on TV, sharing my ideas on the markets.

The trend is up, which is what I say repeatedly. At current levels, it is wise to wait for a process of consolidation before taking new positions. Traders may take partial profits on rallies, there will be dips and corrections when positions can be restored.