The Asian market is up as I write this note. Looks like the Dubai crisis has blown over and it is normal service once again. This has become evident on Friday itself when the European markets went up after opening lower and when the US markets did not really crash despite Thursday being a market holiday.

The pesky bears (including me... I am short) will be taught a lesson that they will not forget soon. I will cut my short positions if we go above 5030 on the Nifty. I will go long only above 5110.

This is as far as what I will do. You might notice that I talk about what I will do or how I will react to the market movements not about where the market is headed. A chastened trader does not talk about what he thinks the market will do. It is better for him to say what he will do. It is better for him to talk about things within his control. Reacting to market movements is within his control while the market movements itself are clearly not.

I am in HK until the 2nd of Dec and leaving for Singapore on the 3rd. Back in Bombay on the 5th evening. On this flight to HK I managed to catch a movie which turned out to be both entertaining and thought provoking at the same time. I am not a big fan of the Sci fi genre but District 9 might just make me change my mind.