Whenever you begin to feel uncomfortable about the short term price action always look at the weekly or even the longer term monthly charts to gain perspective about your feelings.

Below is a four year weekly combo chart which we’ve been following for years as the bear market unfolded before us. Always keep in the back of your mind the magnitude of those three year bullish falling wedges and what they mean for the new bull market that started in January of this year. During the bear market years there were all lower lows and lower highs made. Since the breakouts above their respective top rails you can see a series of higher highs and higher lows. This is a simple concept to understand but hard for many see.