12 Nov 2014 - Corrective Feeling...

The last few days have been agonizing since price has not moved up or down.  To me it is what a corrective feels like, and I suppose prices will make a new high as well.  Our ST has not turned and nothing in the smaller time frame has indicated a start of a move lower.  It wold be more like watching paint dry on a wall for bears, who wish that there would be at least a correction to get out of their positions.  I feel though that they will have to wait a little longer.  With the exuberance in the market, those correction might be hard to come by and keep it at elevated levels.  The question if you are short is, how long can you hold it for.

MT: UP
ST: UP
PA: NA