Markets continued rallied on the nobama hope and on no-more-uncertainty relief rally since the Oct 24, 2008 low. While Daily price actions do not show negative divergences, intraday price actions are showing severe negative divergences. In addition we do not have very good market internals compared to the size of market rallies.
Evidently markets are bought in any small dips since the low. We didn't have any pull back since the low on 10/24/08. We have sharp rising wedges on markets - unhealthy strong price movement without substantial breadth and volume supports.
I expect a market pull back in VST and a break below rising wedge as a confirmation. Good luck
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