The Market Maker has switched sides as he could not push the PPs below $5.01 and then tried again on a light trading week and it held up at $5.14 despite tax loss selling and all the Euro related sell offs.
In general the market is oversold due to Euro Bond problems and a correction will be coming as most of the negative news is behind us and the world did not end.
Shorts will be paying a heavy price hoping the market will fall further as the US and German economies are holding up, China's PMI is above 50 again and Eurozone PMI is heading towards 50 as we speak.
There is a buy signal and I have closed all my short positions except a couple that are special cases.
Buying will continue to surge, as will the price, because JNJ exited the stent market, STJ and MDT have more recalls, and only BSX is left standing as the only viable company with products that are reliable and safe. Also BSX will start paying a dividend in 2012 as has been pointed out already, with 20-40 cents a share, which is another reason why the buying and price is going to skyrocket.