If you look at this from technical he is correct. And this is not a bad thing. A pull back to the 10 Day Moving average after a rally has been the pattern and actually is a good sign that it is taking a breathe before going higher. With that said... the chart also shows that there is a possiblity of a major gap up to a new high in the mid 14s. Personally, I am banking on a pull back before it officially moves to higher levels.