4 Dec 2014 - Draghi A Drag

Seems its all talk and no action nowadays for these people. The result today was a volatile yet dragging market.  First we saw a dip, then someone said something that might not have been true, but markets rallied anyway.  By the end of the day a sell-off that didn't last for very long, and everything ended the day the same as it opened... Nowhere. 

The intra-day closed bearish, but will this be enough to signal a sell side tomorrow?  New highs were made again today and bearish divergences are adding up on a daily basis.  How long? Since Nov 12.

No matter though, our ST has climbed back UP yesterday.  I am bearish due to the fact that we have not had a correction for quite sometime that can be considered significant, and to me that comes with some risks for the upside.  Its a simple analysis but one that holds a lot of water.

MT: UP
ST: UP
PA: NA