The Fed's buying algorithm should continue into the new year, albeit, in a slow and choppy fashion simply because most investors are already long the market. Fed's buying should continue into the new year just to make sure that Janet Yellin looks good when she officially take over the Chairmanship from Ben Bernanke in January 2014.
However, major indices are now in overbought condition on the daily chart, and may or may not pullback until the new year, so unless the market breaks major support the uptrend should continue.
